Replies to This Discussion

Permalink Reply by Phil T on March 11, 2012 at 5:32pm

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.

Thanks,

Phil

Permalink Reply by harry frank on March 11, 2012 at 8:28pm

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.

Permalink Reply by dan gladyszewski on March 11, 2012 at 9:23pm

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.

Permalink Reply by Marcus Grayson on March 11, 2012 at 10:26pm

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.

Permalink Reply by NE Richland County landowner on March 11, 2012 at 11:06pm

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. 

 

Permalink Reply by Marcus Grayson on March 13, 2012 at 10:10am

Where did you hear that?  I heard the same thing.

Permalink Reply by NE Richland County landowner on March 13, 2012 at 10:50am

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. 

Permalink Reply by NE Richland County landowner on March 13, 2012 at 4:32pm

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.    ???

Permalink Reply by Phil T on March 13, 2012 at 3:40pm

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.

Permalink Reply by Billy Park Whyde on March 13, 2012 at 4:08pm

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. 

Permalink Reply by roadrunner4658 on March 13, 2012 at 8:28pm

130 bbl = 5330 gal of H2O per truck.

Permalink Reply by Marcus Grayson on March 13, 2012 at 9:57pm

It takes 667 truck loads for one frack job. A pipeline system makes far more sense, especially when you consider the weight factor that Billy brought up.

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