solomon's words

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Saturday, February 1, 2014

HERE IT COMES AGAIN?

HERE IT COMES AGAIN?

How long has it been since landmen have been going door-to-door across our area hawking leases that hark back to the first landgrab deals seen early in this new century? Apparently it’s been long enough for a few to have forgotten the purpose of the formation of landowner groups. Oil and gas firms are sprinting for acreage across the region again because the price of natural gas and oil has sky-rocketed. The old clichĂ© “it doesn’t take a rocket scientist to figure this out” holds true today as it has before. An extremely harsh winter that’s not over yet has driven demand up throughout the majority of the U. S. @ a time when energy exports have risen 27%. Shortages exist. WE NEED OUR OWN RESOURCES!

That our Marcellus was/is not the thickness nor quality found in counties east and southwest of us has never meant this region was one to be overlooked. The ace in the hole for us has always been much lower … the Utica. Until now the value of our subsurface resources has been overlooked but not unrecognized. Since seismic readings were done a few years ago, energy players knew easier to develop shale was elsewhere. Market prices dipped below $3.00. Industry would wait for us. Like a special dessert that had to stay hidden till company comes, what was rumored about our gas resource? “It’s not good.” Can the opinion of shale owners be little different when they have waited so long?

Nowadays there are O&G companies coming in the back door offering old-style 1/8 royalty leases, and a lowball amount per acre. These companies are counting on landowners in dire need of ready cash, folks who have forgotten what industry-friendly leases from back-in-the-day had in store for them after that first check.

Groups have had to be patient … waiting for prices to rise (now over $5.00), roads & bridges to be reinforced, pipelines expanded, processing plants in place … waiting for a work force to handle all levels of development and support of the shale industry.

NOW what has made the difference? Why are landmen here again with lease deals they can’t even explain? A promise to drill? Really? When? How deep? All the way to the Utica or just a hole in the ground that gets capped? Even that qualifies as a well.

If the public has learned anything from the many educational forums dedicated to the understanding of unconventional shale development, then it will recall how much it means to area businesses and individuals alike to “get it right this time”. Making something work now, and having something worthwhile to pass on to future generations should be everyone’s goal.

Janice L. Hancharick

9 comments :

Anonymous said...

Oh geez. Here we go again. These middle men/middle women who start their soft sell and then make their pitch so they can make money on MY assets when they have none of their own really irritate me. Janice has made a sales pitch on this blog at least 20 times to keep sewing herself into groups of people who own mineral rights. It hasn't worked yet even though some people had their hopes raised. I know I learned my lesson.

Anonymous said...

Hmmmmmm. Increased truck traffic just in time for the Coudy Main St Project. Hee Haw !!!

Anonymous said...

There she is! Just when I thought she had quit her campaign! No different than the ones going door to door.lol

Anonymous said...

Attend a few of the classes given on these leases. We have had about three for our organization in the past few years. You might be surprised how these leases rip off the land owners say at 8% and in some cases the state agencies may get 22%. They cheat the little man as much as possible. Also leave a mess for someone else to clean up and maintain. Attend a few of these free classes and learn a lot. If some one offers you a lease ,best advice beat it to a lawyer(honest)to check it out with escrow in an account that can't be touched by no but you. ENOUGH SAID.

Anonymous said...

6:00 p.m.
You forgot the Freds Dead part. Duh!

Anonymous said...

Janice, please please diclosoe that you are an agent for cx energy and will get paid on consumation of a deal. be honest & people will receive you better. Otherwise it smells fo deceit and manuliption.

Anonymous said...

Re:Making something work now, and having something worthwhile to pass on to future generations ...
After Main St. is widened and a couple Ulysses unplugged depleted wells are converted into waste-water injection wells we'll be passing something onto future generations.

Anonymous said...

some people just like to bitch.....just sayin'

Anonymous said...

your all dumb for letting then come and drill and pollute your county anyway!