It is safe to say that large acreage in most of the counties which were in play in Ohio's Utica are already leased. I believe in Ohio all the energy companies need is 65% of a unit and they can force pool the 35%. What we can deduce from the older Clinton units is that force pooling in urban areas were commonly applied. Are urban and suburban areas in the Utica at the point of being forced pooled? Is the reduction in lease bonus offers from $5000/20%, down to $4000/18%, a harbinger to force pooling by an energy company aggressively leasing in urban and suburban Mahoning county?
Rumor is; Ohio"s forced pooling law just got axed! True or False? anyone Know?
Where do ya hear that at? Any links to this?
Bo, we do not deal in rumours on this site, please show us something?
That"s why I brought it up. Heard it n wanted to see if it"s true or false. Isnt that what this site is for?
Yea bo It could be that with what is in place a person might assume that for the practice of horizontal drilling that the pooling law in place (as many land parcels are fragmented) would be impractical for trying the forced pooling approach. Might just be to dang hard to amass 90% to utilize the forced pooling concept. This of course is not a law abandonment but the practicability of utilizing the law.