Would it be inappropriate to ask what prices are currently being offered in NE Richland County? Presumably not $5/acre. The lowest I've heard lately in the oil/wet gas windows are leases in Ashtabula County in the $500/acre range, but that's definite hearsay. I recently saw a blanket offer of $1600/acre, which seemed to include more of the margins of the play. Cannot vouch for the quality of the offer or the people behind it, however.
If there are competitive reasons or other issues that I'm not considering, please disregard the question.
My daughter leased her land in eastern Stark county for $1500.00 per acre and 17% , i told her she should have got at least $2500.00 but she would not listen said this way she would get drilled sooner.
Harry, at work the discussion comes up alot about O&G drilling (many of us own large acreage), and one of my coworkers informed me they were already offered $2500 ac in Stark recently and turned it down. I told her about this website and how much she can learn from it. As a matter of fact, she has land in WVA. also. Sorry your daughter didn't listen to you.
Since Devon is the primary driller out that way I'd say your prices are tied to them and their ultimate desire. I know that they're fairly cheap. Until they have decent production numbers don't expect them to jump much higher than $1,000/acre.
The recent offers I have heard about in this area are $500 - $1000/acre.
Rumor is that water may come to the Ashland well via temporary pipleline from a couple miles away.
Where did you hear that? I heard the same thing.
About the offers or the pipeline? Bob told me about both. Maybe you two are talking to the same person? You should give Bob a call. He would love to trade stories with you Marcus.
I may have assumed it would be temporary, please ignore the word "temporary" from my previous post. I have no idea if it would be temp. or permanent. or perhaps the beginning of a more permanent infrastructure in the event the area proves to be worthy of more wells. ???
I suppose operators plan for success and have contingency plans for water. When the time comes, it's a function of price and logistics. A couple mile pipeline sounds a lot better than 500 truckloads at 10,000 gallons per trip.
Be more truck loads than that as 10,000 gallons of water would weigh about 83,000lbs just in water alone not including the truck. I am guessing here, with a truck hauling 5,000 gallons per run about 43,000 with the truck weighing about 27,000 around 70,000lbs per gross as max weight limit is 80,000lbs without a permit and unless it is a semi truck you have a bridge formula to consider as well with load and axle weights.