Lease agreements in Bradford County... - The HuntingPA.com Outdoor Community
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post #1 of 19 (permalink) Old 09-21-2013, 11:39 PM Thread Starter
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Lease agreements in Bradford County...

A lot of lease agreements coming due in Bradford county in the next few months. Many people resign? With who? How much per acre? Ours is due end of November and Talisman is trying to included some of our acreage in their current drill units...should be interesting...

Bradford County WMU3C
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post #2 of 19 (permalink) Old 09-22-2013, 08:48 PM
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Re: Lease agreements in Bradford County...

I know some guys turning down 2500 and 20%. Wish everyone would......
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post #3 of 19 (permalink) Old 09-23-2013, 12:38 AM Thread Starter
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Re: Lease agreements in Bradford County...

does that seem to be the going rate?? or first offers?

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post #4 of 19 (permalink) Old 09-23-2013, 01:00 PM
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Re: Lease agreements in Bradford County...

EOG is newly active in Athens, Ridgebury and South Creek or Springfield Twps. Some of this activity is for unleased lands, not lease extensions.
Sample lease shows $1500/16%.

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post #5 of 19 (permalink) Old 09-23-2013, 01:04 PM
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Re: Lease agreements in Bradford County...

HBP approaches are nothing new and will be part of the gas company's strategy until all lands they are interested in are in production.
Lease options extending the original terms are only to the gas company's advantage. They do nothing for the landowner. Even if they are still intetrested in that area many wil expire and new leases with reduced terms will be put in place, reflecting today's reduced competition and lower gas prices.

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post #6 of 19 (permalink) Old 09-24-2013, 06:44 AM
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Re: Lease agreements in Bradford County...

Quote:
Originally Posted by HomeintheWoods
EOG is newly active in Athens, Ridgebury and South Creek or Springfield Twps. Some of this activity is for unleased lands, not lease extensions.
Sample lease shows $1500/16%.
Newly active? Looks to me like they are actively packing up..... I have several EOG wells close to my home. They are putting alot of the pads (around 40?) back to the way they were and I havent seen nor heard of any new pipelines or pads going in. Looks to me like they locked up a bunch of land and are sitting on it. They have also pulled stakes on proposed wells. This is in Athens, Ridgebury and Springfield townships....
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post #7 of 19 (permalink) Old 09-24-2013, 11:15 AM
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Re: Lease agreements in Bradford County...

They are putting in pipeline, a compressor station, and a pond right now in Springfield Twp. They are preparing to frac the Kingsley, and both Kline wells in the coming month or two.
This is all on Kier Hill road. You are right about them reclaiming a bunch of pads. In that area, it seems to be all the ones North of Springfield Road. They are not closing the wells, just reclaiming the pad for now so they don't have to re-permit them......at least that's what there telling the land owners over there.
They claim they like what they are seeing from the Kline & Kingsley wells, and are going to focus on that area right now.

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post #8 of 19 (permalink) Old 09-26-2013, 09:47 AM
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Re: Lease agreements in Bradford County...

To add to this, EOG plans a pipeline running north to south in Ridgebury twp to bring on wells drilled a couple years ago that are currently capped.
A lease offer is sitting on my kitchen counter.

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post #9 of 19 (permalink) Old 09-26-2013, 11:46 AM
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Re: Lease agreements in Bradford County...

Good luck!
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post #10 of 19 (permalink) Old 09-26-2013, 09:10 PM
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Re: Lease agreements in Bradford County...

Did the landman tell you that?
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