any new news

hi everyone; is there anything new here? it's like a dead zone. does anybody know if the gas and oil companies are going to start leasing and drilling here? any news will be appreciated. thank you dave.

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Permalink Reply by Deb Reynolds on December 16, 2019 at 4:13am

Hi, Dave. Where are you? I'm in Tioga County PA and don't know much. Deb

Permalink Reply by Bullfrex on December 18, 2019 at 4:14am

Pretty sure the NG price, both current and projected, will keep things quiet for quite a while.

Leasing, both new and renewals, will be under extreme scrutiny by the E&Ps to be able to show a positive ROI in this low price environment.

Not to say that leases will not happen, but at a much slower and measured pace. The promised glut worldwide has materialized.

Permalink Reply by Mike h on December 19, 2019 at 6:55am

And if new leases are offered I would expect signing bonuses to be way down.

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