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. ?

Views: 138323

Replies to This Discussion

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.

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.

Chessie just announced gas wells in the 60 MMCF/D IP in Sullivan County Marcellus .... Tioga Utica is no match , [ to date ]

Those CHK wells are multi-unit laterals.

got it 

No drilling on Abplanalp pad.

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

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.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service