[Homestead] gas wells
lynnw1366 at hotmail.com
Wed Nov 24 19:17:41 EST 2010
Keith; nice update! It's so nice to hear from you!
I haven't signed yet, but there's drilling all around me (but not within sight of my house yet). We aren't getting the big bonuses like you guys...East Resources is the only game in town here, and they aren't leasing right now. They've leased half of Tioga County and have to drill like crazy before the leases expire; they drill a vertical well, declare a 640 acre unit (that prevents all the leases in that unit from expiring), then move on. There's no pipeline, and the wells aren't finished, so no one is getting any royalties. They designated a unit going around me, but it will mean that they have to stop one of the horizontal wells shorty because my property is in the way, so they really need me. I've negotiated with them ($1500/15%/5 is the best they offered); I can't believe they'd give up millions in profits rather than give me a fair lease deal. I figure it could be years before they come back to finish that well, and we'll negotiate again then. East has been bought my Shell, and I hope Shell steps up their game a little.
Whether I lease or not, I still have to deal with all the extra traffic (dump trucks, frack water trucks, all the pickup trucks with Texas plates...). On the plus side, businesses are thriving. Places that used to close for the winter are now open year-round. Lots of people are spending more money. I definitely want my share; I'm still waiting for a fair deal.
Tioga Co. PA
> Date: Wed, 24 Nov 2010 10:38:16 -0500
> From: bartermn at epix.net
> To: homestead at lists.ibiblio.org
> Subject: [Homestead] gas wells
> Hey gang,
> been a while. Happy T-day to all.
> Not much happening homesteading-wise, just chickens as far as critters
> to feed and gardens, where B-sprouts, cauliflower and broccoli still
> stand waiting for me to get my boots on, to bed down for winter. The
> recent posts about diesel, especially the subject line--what we already
> knew or guessed--forced me out of hiding.
> Lynn, you still here? Have you leased your place yet? Here's what you
> have to look forward to...
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