Replies to This Discussion

Permalink Reply by Lynn Wigglesworth on April 8, 2011 at 12:43pm

I have a question about Fortuna; I know that they merged with/were bought out by Talisman, but Fortuna Energy is still recording leases in Tioga Co. Are they two separate companies that work together, or is Fortuna part of Talisman, or what? Likewise, East Resources Management LLC is still recording leases, but the East building at the "Y" in Tioga County is now "Shell Appalachia".

Permalink Reply by Ann Ticopa on April 8, 2011 at 2:21pm

I don't know where it fit in their organization chart, but Fortuna was the name Talisman operated under when they started leasing the Trenton/Black River in NYS.  They (mostly) dropped the Fortuna name when they dropped out of T/BR development.  Afaik, Fortuna never was independent of Talisman. 

 

Thank you for posting your question.  I wasn't aware that Talisman was still recording leases under the Fortuna name ... so hadn't been searching for it too in Landex. 

Permalink Reply by scott brion on April 9, 2011 at 2:00am

Hi Lynn,

 

Fortuna was(is) the USA subsidiary of the Canadian company Talisman.  Effective first of last year they changed the name to Talisman USA.  There was no sale or merger.  

 

Effective in February, Shell has pretty much stopped using any East name.  The latest leases, declarations and DEP permits etc... are listed by SWEPI (Shell Western Exploration & Production Inc.) you may have seen the well site signs changed to this name some time ago as well....  I assume, but don't know that Shell Appalachia is an operating subsidiary of SWEPI.  

Permalink Reply by Lynn Wigglesworth on April 9, 2011 at 10:40am

That's what I thought; I was just wondering why Fortuna Energy Inc. Is still recording leases (as recently as Thursday (4/8/11).

Permalink Reply by Ann Ticopa on April 9, 2011 at 4:01pm

Documents aren't necessarily recorded when they're signed.  Some are recorded late by mistake ... they'd "fallen behind the file cabinet".  Some appear to be held and batched for recording.   Last summer, "Fortuna" recorded three batches of rights of way for a total of ~60.  (Which gives me an idea of where the pipeline will/won't be.)