HG Resources operates 11 Marshall County horizontal wells that i have an interest in. They sent out a letter a few months ago that they are cutting production due to low prices.
I would be surprised if anyone rushed to do more drilling unless leases were expiring.
This is actually in response to posts in the last couple days asking about royalties from a lease that expires in 2023 but the topic was just closed.
Our wells with SWN Production are currently completing stimulation. Others with SWN nearby are going into production. Hope that holds with our leases.
I hope they do to, dome.
Ann,
Many companies are cutting back production. SWN and Montage (formerly Eclipse) are two that I know off first hand. I have seen some companies “rotate” wells so make sure to watch your statements closely.
Hope this helps!
Rachel
Thanks for the tip, Rachel!
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