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1
Bug Reports / Re: Banpu buys into the NE Marcellus.
« Last post by firecutter874 on Today at 07:13:02 PM »
Who skipped math class?????

 handclap handclap handclap
2
Bug Reports / Re: Banpu buys into the NE Marcellus.
« Last post by macal on Today at 11:39:10 AM »



  10% of 10,000 is 1000 net acres.
   $63,000,000 ÷ 1000 is $63,000 per net acre.
   
3
Bug Reports / Re: Banpu buys into the NE Marcellus.
« Last post by ghrit on Today at 11:21:00 AM »



  Banpu is buying into the NE PA. I did some calculations on one of their deals that I read about. They paid $63,000,000 for 10% of 10,000 acres held by Chief. I come up with +/- $63,000 per acre. Seems kinda high. But at $3.00 gas it would be a good return.
Check your arithmetic.
4
Bug Reports / Banpu buys into the NE Marcellus.
« Last post by macal on Today at 07:48:57 AM »



  Banpu is buying into the NE PA. I did some calculations on one of their deals that I read about. They paid $63,000,000 for 10% of 10,000 acres held by Chief. I come up with +/- $63,000 per acre. Seems kinda high. But at $3.00 gas it would be a good return.
5
Deep Green Resistance and Friends More Red Than Green

Deep Green Resistance is both radical and dangerous and it’s made alliances with the favorite fractivist shills of a supposedly respectable gentry class.

http://naturalgasnow.org/deep-green-resistance-friends-red-green/
6
Natural Gas Leasing / Re: NG price (NYMEX front month) 2017
« Last post by macal on Today at 05:03:50 AM »



  Curious how that number is translating into royalties in the Marcellus for the different companies. Cabot was pretty close to NYMEX for January.
7
Natural Gas Leasing / Re: NG price (NYMEX front month) 2017
« Last post by shinobi on March 21, 2017, 03:38:20 PM »
Tuesday 21 March 2017 6:36pm ET

$3.09

Nice little bump
8
Maryland / Benedict Arnold Move: Larry Hogan Just Sold Us Out
« Last post by PaShaleAdvocate on March 21, 2017, 04:46:15 AM »
Benedict Arnold Move: Larry Hogan Just Sold Us Out

Once a true supporter of natural gas development in Western Maryland, Gov. Larry Hogan just sold us all out, proving faith in politicos is never rewarded.

http://naturalgasnow.org/benedict-arnold-move-larry-hogan-just-sold-us-out/
9
Bradford County / Bradford County units map
« Last post by Vawter on March 20, 2017, 01:46:39 PM »
As of March 15, Dropbox changed their method of sharing. Try this new link. If it doesn't work let me know.

https://www.dropbox.com/s/x7dpkas6dajxyrx/Bradford%20Co%20units.kmz?dl=0
10
West Virginia / Re: SB 244; Co-Tenancy and Joint Development
« Last post by mmwv on March 20, 2017, 08:03:14 AM »
The "Joint Development" provision would be similar to the bill that passed in PA in 2012, I think it was.  It basically said that if a lease is silent on pooling, that it can be pooled.

Its a bigger problem in WV than in PA.  We have entire jobs devoted to modifying old WV leases to add pooling because we are afraid of being sued if we pool them without the pooling clause.

What I thought folks on here might like is the provision in the new SB 576 which says that a gas company cannot pool leases without having a surface use agreement from the surface owners of any tracts which will have surface impacts.  As written, this gives surface tract owners a veto of any horizontal drilling...so I can't imagine that it will be accepted lightly by the industry.... but I am interested to see how it ends up.

And there is certainly some argument supporting that.... can a mineral owner really give a company permission to use your surface to develop third party tracts?  Could be hard on companies, though.

It also says that any leases which do not include pooling language but are pooled cannot have any post-production costs deducted and in event can the royalty be less than the 1/8th.

The most controversial part of the bill here is the ability to develop a lease with less than 100% of co-tenants having signed leases.  The current bill says we would need 2/3 of the owners on board, others are calling for 75%...
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