Newsletters

         March 16, 2022     Newsletter for Armstrong, Indiana and Westmoreland Counties

     We are writing to our clients to advise that our company believes the Trilogy 5 HU well drilled and completed into the Utica by XTO Energy in Freeport, Armstrong County, confirms our long held view of the value of the Utica in Allegheny Township and up the Kiski River Basin.  The Trilogy well is another positive data point for the value of the Utica strata in the Kiski corridor.  Added to that data point are the Bell Point wells 6PHSU, 6SHSU, 6QHSU and 6RHSU drilled by CNX in Bell Township, Westmoreland County right along the Kiski River northwest into Armstrong County.  It is our analysis that the favorable Utica trend runs up the border between Armstrong and Indiana Counties.  We observe that industry holds this view as well.

                   With the war in Ukraine and the embargo upon Russian oil and gas, we see a greater emphasis upon drilling for hydrocarbons in this                 country.  Current natural gas prices hover about 4.50mcf.  This is far above the price of $1.28mcf two to three years ago.  Natural gas                      companies are positioned to take advantage of higher pricing.  We are guiding our clients to benefit.                                                                                          We observe Olympus Energy to be drilling multiple new wells in Upper Burrell Township while entering southern Allegheny                               Township  with their well bores.  The Porter pad is soon to be directed to the northwest.  CNX has permitted multiple laterals off of their               Bell  Point pad, while planning a large pipeline takeaway capacity.  Olympus is focused upon the Marcellus while CNX remains largely                     focused in the Utica.     Pipeline takeaway capacity remains the overriding factor as to where wells are being drilled.                                                             Development is focused and planned.  Companies look out to their five year drilling program before leasing.  The days of blanket                        leasing are over.  Our company identifies the areas of future development within the fairways to aggregate our client's property to                          market it to the specific developer focused upon the area.  This yields the greatest financial benefit to the landowner.  Our fees are                         earned by making our clients more money than they would receive by accepting a standard lease.  This strategy has a long history of                     success.  Our company uses planned aggregations to benefit our landowner clients.  Going it alone yields much lesser leverage in                             negotiation and results in poorer financial terms.                                                                                                                                                                                       We follow development on a daily basis.  We take our client's property to market in advance of the five year drilling plan of each                       company.   We map out the drilling programs of each company so as to advise our clients as to the best opportunity.  We are the only                   landowner consultants in western Pennsylvania exclusively dedicated to the expert representation of landowners within our target areas.