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Chesapeake – Total Utica Shale JV Closes – OH Development Begins

January 3, 2012

Chesapeake Energy and Total closed the previously announced Utica Shale joint venture on January 2, 2012. The deal was announced at the beginning of November without disclosing the partner, but Total was likely as the company already partners with Chesapeake in the Barnett Shale. The Chesapeake – Total Utica Shale joint venture covers acreage in [...]

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Shale Play Land Deal Prices Hit New Highs in 2011

January 2, 2012

The price to play the shale play game increased at a brisk pace in 2011. Prices in the Eagle Ford Shale and Utica Shale  went to levels not seen before 2011. Typical Eagle Ford Shale deals were hopping along at a few thousand dollars per acre until Chesapeake and CNOOC reached a JV agreement in the [...]

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MineralWeb Cited in Kiplinger Personal Finance

December 30, 2011

The November 2011 issue of Kiplinger Personal Finance contains an article titled “Cash In on the Natural Gas Boom”, in which MineralWeb was interviewed for part of the story. The article explores the oil and gas boom in Pennsylvania and how it has changed the lives of many across the state. Lease bonuses have soared [...]

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Lower Natural Gas Prices = Smaller Gas Royalty Checks in 2012?

December 28, 2011

Natural gas prices have not been on a healthy trend for the industry and mineral owners. While our heating bills are getting cheaper, companies are slowly being forced to move more rigs to oil and liquids targets as natural gas prices fall. Natural gas prices have fallen from over $13/mmbtu in 2008 to almost $3/mmbtu [...]

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Athens County OH Utica Shale Leasing Surpasses $2,500/acre

December 15, 2011

Leasing in Athens County, OH, and other areas of the Utica Shale oil play continue to heat up. Land owners are joining together to sign leases in bulk to get favorable terms. Leases are being signed for $2,500 per acre with rumors of $5,000 per acre in the hottest areas. Some mineral owners are going [...]

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Does “Use of Water” in an Oil & Gas Lease Constitute FREE Use

December 13, 2011

In arid regions of the U.S. (e.g. Texas in 2011), water is becoming a precious commodity. Many of us have leased our mineral rights and granted oil and gas companies the right to use water from our property.  The problem is many land owners did not stipulate a price. While this has been commonplace for many [...]

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Gold Mining and Prospecting Hotter at Today’s Prices

December 8, 2011

Gold prices have remained high long enough that we’re beginning to see an increase in gold mining and prospecting across the U.S. That means gold might be as important in some places as it was in the old gold rush days in California. At almost $1,800 an ounce, it doesn’t take much to rationalize drilling [...]

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Oil and Gas Lease Pitfalls and Perils – NY Times

December 6, 2011

A recent article by the NY Times surveyed several thousand oil and gas leases. The Times hasn’t shied away from making accusations about the industry, but the story’s findings should be considered when leasing your minerals.  While many of the problems mentioned are few and far between, you don’t want to be that one land [...]

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Bakken Mineral Rights Case to the State Supreme Court

December 5, 2011

Montana mineral buyers might be on the hook for knowing whether or not a mineral owner has the right to sell. Northland Royalty Corp bought minerals from a gentleman in the 1990, but a will surfaced approximately a decade later that changes the understood ownership of the minerals. Without the Bakken Shale, this might not [...]

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What is the Surface Worth when Mineral Rights Pay?

November 29, 2011

Mineral valuations are an animal of their own and have multiple complexities, but minerals also complicate surface valuations.  Many times the issue is related to family inheritance and estate planning. Very seldom are all family members interested in taking over a farm or homestead, which often leads to one or more family members working out [...]

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