Article in the Steubenville Herald Star today. Several landowners in the Lisbon Ohio area were force pooled into a unit . No signing  bonus and 12/12% royalties.  Chesapeake  was the gas company.

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I am looking for where on the ODNR web site the Steubenville Herald Star got the following information:

 

"The following is a list of the other unitization applications involving county property owners:

Firestone Unit A in Fairfield and Unity townships.

Status: Awaiting hearing.

The applicant is Atlas Noble LLC and it encompasses 666 total acres, 589 acres of which are leased by Atlas, and most of those parcels are owned by Meadowbrook Development, the Links at Firestone Farms and Firestone Homestead. Chesapeake and its partners hold the leases on the 77 acres Atlas is seeking to add to the unit.

Huffman Trust South Unit in portions of Butler, Hanover and Center townships.

Status: Under review.

The applicant is Chesapeake and encompasses 483 acres, 411 of which are under lease to Chesapeake and its partners. There are four parcels encompassing 72 acres that Chesapeake has asked be added to the unit.

Leona South unit in Franklin Township.

Status: Application withdrawn.

The applicant was Chesapeake and it encompassed 521 acres, of which 455 acres are under lease to Chesapeake. The remaining 66 acres are owned by four property owners, mostly by the Norfolk and Southern Railroad and county commissioners."

The payback on these wells often appears to be less than two or three years.

Look at the Net Present Value (NPV) &  Internal Rate Of Return (IRR) when you come across the various SEC/Shareholder disclosures.

That, coupled with near complete write off of expenses in the first year of start up means for one sweet deal.

Hence, O/G exploration risk is greatly mitigated.

$50 MM invested into pad plus six laterals: Possible TOTAL capital payback within 18 months...right within the window at the TOP of the decline curves. Everything after that is profit.

The working interests are paid FIRST within that window. Again, Pad/wells, everything is paid for rather quickly.

If people thinks this is right your crazy if its mine its mine not yours or theres cant help if you cant make any money they need to cut the unit size down or dont drill this is the same as stealing from me and i would have to protect it !!!!!!!!!!     1acre or 10000 acre   dont matter

The way I see it, this line of thinking doesn't take into full consideration the geology of a persons property.  For all intense purposes, two adjoining tracts of land could be in a unit -- and one could be very rich in O&G and the other not so much.

But, because they are more than a mile down and cannot determine 100% for certain just exactly WHERE the O&G are coming from (your property or your neighbor's) -- only that it is from a certain proximity to their bore -- they compensate BOTH landowners equally.

That means one could actually be getting a lot less than what 'their' land holds while the other gets a lot more than what--in your words -- is actually 'theirs'.  Simply put, they cannot determine what's mine and what's yours, and that is (one reason) why they have these distance requirements.

When the executive branch is chosen by the perception of choice where both choices are funded by the establishment beyond all other competition, competition blacked out by establishment media, and the balance of power is a legislative branch chosen the same way and even lobbied thereafter by those special interests, there remains a judicial branch.  A judicial branch nominated by that executive branch, and to be sure, installed by that legislative branch only after years of proving loyalty to the establishment. There remains no other to represent you.

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