Tunkhannock, Meshoppen, Nicholson: dry gas Marcellus where the payor on your check is frequently not the operator on the permit.
Wyoming County is dry gas Marcellus in northeast Pennsylvania, producing roughly 22.3 million Mcf in a recent month, about 3.4 percent of the state total and ninth statewide. Roughly 319 wells are active out of 701 drilled, operated by Expand Energy and BKV.
The distinctive thing about owning here is the paperwork rather than the geology. Leasing in 2010 ran through Chesapeake's joint venture structures with partners including Anadarko and Statoil, so the working interest and marketing chain behind a royalty is frequently layered. In practice that means the company writing your check is often not the company named on the permit, and old division orders name entities that no longer exist under that name. That is the single most common reason an owner here believes something has gone wrong when it has not, and it is also the reason a genuine problem can go unnoticed.
Wyoming County landowners were also part of the same Chesapeake royalty deduction settlement class as Bradford County. Whether a specific tract participated is worth establishing before a sale, because it bears on both what has been recovered and what the lease permits going forward.
Pennsylvania permits net back deductions under Kilmer v. Elexco, so we read your lease before quoting anything and show you what the interest is worth with and without the deductions on your current statement. Send the lease, a statement, and any division order you have. Free, and no obligation.
Roughly 22.3 million Mcf in a recent month, about 3.4 percent of Pennsylvania gas and ninth in the state.
Present at depth and undeveloped.
Wherever your tract sits in Wyoming County, we will research it free and value it with the work shown.
Free, no obligation, and no pressure. We reply within one business day, usually faster.
Prefer the phone? Call or text 918-984-1645 and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day.