Marcellus Shale and Leasing Offers

[epayne]

Any offers for natural gas in McKean County?
Are there any landowner groups forming?
Any person that has land should log on to pagealease forum at http://www.pagaslease.com/forum/index.phpt to see whats happening in our state with the gas fenzy with offers for leasing from $10. to over $3000 per acre. A must read before any person signs a lease.

[epayne]

http://www.wpsu.org/gasrush/
Thursday, May 22,2008 Live Call in and Webcast regarding Pa's Gas Rush

[JackY]

Unfortunately most current landowners in McKean County don't own their oil and gas rights, so getting a landowner group together would be very tough. The old farmers and timbermen from 100 years ago generally kept their oil and gas rights when they sold the land, so their heirs and assigns have most of the rights now, not the surface owners. 97% of the oil and gas rights under the Allegheny National Forest were retained by prior owners, for instance. The people who bought the surface in the old days got a better price, of course, since they weren't getting any oil and gas rights. So they really can't complain. If they'd wanted to pay more back then, they could have gotten the whole package. The Marcellus Shale is thin in McKean County, anyway, so the big gas companies won't be paying top dolar there regardless of who they lease it from.

[serian22]

We are looking for landowner groups in Indiana, Jefferson and/or Clearfield counties of PA

[epayne]

Rebroadcast of Pa's Gas Rush Tonight
http://www.wpsu.org/gasrush/

We have 220 Acres of land in Ceres Township, McKean County and are interested in joining a land group. Any groups looking to form for exploration of the Marcellus or Trenton Black River?

[epayne]

There is a natural gas lease tracker at
http://www.pagaslease.com/lease_tracking_1.ph...
to see what offers are.

[epayne]

Lanowner grous currently at
http://www.pagaslease.com/directory_public.ph...

[epayne]

Landowner Groups
http://www.pagaslease.com/directory_public.ph...

[epayne]

Marcellus shale news update at
http://geology.com/articles/marcellus-leases-...

[epayne]

Tuesday, July 8, 2008 7:12 PM EDT
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In pursuit of area’s natural gas, it’s a seller’s market
By KIP DOYLE
Olean Times Herald
Energy companies are scurrying for a foothold on the region’s suddenly lucrative underground natural energy reserves, and some local experts say that land owners should be patient before giving up drilling rights for their land.
Recent studies indicate that as much as 50 trillion cubic feet of recoverable natural gas is locked underground in a region of 54,000 square miles that goes from upstate New York, across northwestern Pennsylvania, into eastern Ohio and most of West Virginia.
Those studies were released in late 2007 by researchers at Fredonia University and Pennsylvania State University. Penn State’s research was led by Wellsville High School graduate Dr. Terry Engelder, now a professor of geosciences at the university.
Dozens of energy companies have suddenly taken an interest in drilling into the region’s Marcellus Shale, a 200-foot-deep layer of rock with pores rich with natural gas.
Conventional drilling methods have come up empty in trying the excavate the gas, but a new method, developed in the Barnett County, Texas, area has changed that.
Now, drillers start by drilling vertically before shifting to a horizontal cut once they reach an underground fracture.
A combination of 1 million pounds of water and a million pounds of sand is blasted into the underground crevices to crack the shale and create more pathways for the gas to be collected.
Dr. Engelder said that property owners over the thick, deep, and gas-rich land of Susquehanna and Bradford counties in Pennsylvania have received mineral and drilling rights offers from drilling companies as high as $2,500 per acre.
Offers to property owners in southern Allegany County have hovered around $100 to $500 per acre, but Dr. Engelder said the value of the land could be much more.
“In a lot of these resource plays, and this is true in the Barnett, Fort Worth (Texas) area, the further developed it is, the more valuable land becomes,” Dr. Engelder said.“Based on all that I know, the people who are willing to hold out for one year, two years, five years (or more) will benefit more in the long run.”
If the drilling produces a steady supply of gas, land owners can receive handsome royalty payments that go well beyond the initial signing bonus.
“This play that will take five to 10 years to develop, and models show that peak production won’t be achieved for another 10 years,” Dr. Engelder said.
Dr. Engelder said the biggest contracts go to groups of property owners that band together to offer contiguous acreage.
Tighter, less permeable Marcellus Shale in Cattaraugus County, N.Y., and McKean County, Pa., has not drawn developers yet, but Dr. Engelder said that is only a matter of time. Marcellus Shale is below all of the land of McKean County.
“The economic opportunity for the Bradford area up to Olean is probably a longer term effect, largely because developers (tend to) develop at the central core first, then work away gradually,” he said.

[wellwhatnow]

I recently heard that the Marcellus shale gas was leased in Clearfield County Pa. for $2,500.00 per acre and 15% commission. WOW !!

[Shezababe]

Is the person who signed the lease for the $2,500 Per acre sign on bonus the one who ownes 800 acres?

[epayne]

Marcellus shale in Roulette, Potter County hits gas.
http://solomonswords.blogspot.com/
http://solomonsphotos.blogspot.com/2008/07/hy...

[Al Czervic]

In Rush, PA the price is $3900/acre and 20 percent share, 100 K drilling bonus.

http://www.catskillcommentator.com

[epayne]

Cambria County Borough leases for 2.6 million for 1300 acres.

http://www.pennlive.com/midstate/index.ssf/20...

[epayne]

Marcellus Shale, a gold mine in Wellsville, New York

http://www.wellsvilledaily.com/news/x14473297...

[Abe]

Any landowners groups forming near Slippery Rock, PA?

[Abe]

Any landowner groups forming near Slippery Rock, PA

[KElana]

Does anyone know of any Amish landowners who have agreed to lease their land in the latest natural gas drilling boom?