What's going on in your area?? any info???

Just curious...

     I am in Liberty township and a few months ago got an offer to buy my royalties for 1500 to 1800 per acre, but they would do a more in-depth look if I was serious which "mite change the numbers" slightly....even tho I am not drilled or receiving any royalties ..talked to a landsman rite b4 I contacted them and he advised caution as there will be "significant" activity in my area in the "near future"....how about it, anybody else get an offer or hear anything or see any activity here in Tioga Co. ?

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Replies to This Discussion

Permalink Reply by Jack Young on January 8, 2019 at 4:11pm

Shell bought East assuming that the Marcellus was good all across Tioga and Potter Counties and gas prices would stay strong. If not for their Utica discovery they would have lost everything they spent. As it stands, they haven't made any money yet on the Utica, but hope to once the price of natural gas in the Northeast converges with the Henry Hub price. Which will hopefully happen in a couple years. That's when I hope to see them start drilling again.

Permalink Reply by Bullfrex on January 9, 2019 at 1:39am

Thank you Roy, Josie and Bob, and Jack for making this scenario clear to me.

Next question....I know, they never end.....

What type of potential buyer can Shell expect to make an offer for the Marshlands? 

Seems to me the majors in the area have enough good acreage for the time being....so would one of the smaller players active in the area take a flyer on this?

That line of thinking leads me to think the 'offer' may not be sufficient for Shell to divest...they might be stuck with it.

Permalink Reply by Ralph cramdon on January 9, 2019 at 6:38am
Chessie just announced gas wells in the 60 MMCF/D IP in Sullivan County Marcellus .... Tioga Utica is no match , [ to date ]
Permalink Reply by paleface on January 9, 2019 at 11:39am

Those CHK wells are multi-unit laterals.

Permalink Reply by Ralph cramdon on January 9, 2019 at 2:18pm

got it 

Permalink Reply by paleface on January 12, 2019 at 5:49am
Permalink Reply by Jane Abplanalp on January 13, 2019 at 4:04am

No drilling on Abplanalp pad.

Permalink Reply by paleface on January 15, 2019 at 5:13am

If the production numbers on the DEP monthly report are correct.The Painter 2h well dropped almost 10 million a day ?  

Permalink Reply by Bullfrex on January 15, 2019 at 5:17am

Yup....almost 27% month vs. month. Did they increase the choke? No way to know for certain, but seems like a huge 1st full month production decline. Still a darn good well though....time will tell if it is a true home run.

Permalink Reply by paleface on January 16, 2019 at 7:17am
Permalink Reply by paleface on January 19, 2019 at 3:29am
Permalink Reply by paleface on January 21, 2019 at 6:15am

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