Massive Lease Signing in Ohio!

Residents from eight northeast Ohio counties, including Mahoning and Columbiana, lined up on Friday to lease their mineral rights to Chesapeake Energy.  But they're not coming in alone. They're part of a larger group, the Associated Landowners of the Ohio Valley.

Last year, ALOV formed to address residents safety and financial concerns over drilling the Marcellus Shale for natural gas.

"And you had people already studying the ins and outs of the things the average person doesn't have the time or where with all," said Columbiana county land owner, Curtis Frase.

"Well it certainly made it easy for us. These folks did all the research for us and just felt comfortable going with such a large group like this," said James Voorhes of East Liverpool.

And the group proved there is power in numbers.  In December, it reached an agreement with Chesapeake, which the residents believe goes above and beyond state law to protect their water supply and land.  They also say it was the best deal financially.

"We did it the right way. Sat down, took our time, submitted to 18 different companies, came up with the best one we feel," said Tim Duble.

The packed parking lot could be taken as a sign of the groups success. Between Friday and Saturday nearly 11 hundred leases will be signed.

The entire group is made up of about 2000 landowners, and represents more than 70,000 acres.

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Permalink Reply by BMR on June 23, 2011 at 11:28am
There are way more than just 1 horz well in Ohio.  Where do you get your facts?
Permalink Reply by Jeff Ferreira on May 4, 2011 at 12:43pm
sweet congrat to you all.. Now NY is next..
Permalink Reply by Utica Shale on May 4, 2011 at 2:35pm

Jeff,

 Is there a moratorium on Marcellus & Utica - FRAC Wells or Vertical Wells or both in NY ?

Permalink Reply by Joe Baran on May 6, 2011 at 11:08am
Horizontal frac wells are under a moratorium.  I've heard that vertical wells are still being fraced in NY, but I don't have confirmation on that.
0l1a6laz7smpfPermalink Reply by 0l1a6laz7smpf on May 4, 2011 at 11:59pm

Hi everyone...

This link was left by a fellow gomarcellus user regarding the Sullivan cty. discussions. (one about EXCO)

https://news.fidelity.com/news/news.jhtml?cat=Top.Investing.RT&...

Interesting amount per acre, right?   Handkerchief anyone?   We must be like a bunch of farmers chewing the curd in their eyes.

Of course you know many foreign investors are now paying much $ to get a hold of our leases...not a 'made in the USA' if the oil and gas companies keep selling lease interests to non-citizens.   Those in Arab countries are also most likely among the investors...so I guess there is no getting away from ties to using Arab gas and oil if they own some of the leases in the USA.

 

more info at this discussion about foreign investments...

http://gomarcellusshale.com/forum/topics/assigns-clause-and-a-globa...

 

I thought I would mention the above since everyone is still thinking in the 2300-3000 range in some areas...and of course what matters is the density and availability...but really 14K per acre in some areas

of the marcellus and chevron is purchasing the lease interests from our leasees?   What about us?  If they will pay that much to Chief...why are we leasing for so low?

Permalink Reply by Mike C. on May 6, 2011 at 10:28am
Word is that Chevron paid about 5k per acre.
Permalink Reply by Tinamarie S on May 10, 2011 at 10:36am

Mike and Other Blogers

 

What is the going rate for non-drilling parcels?   Looking at parcels 5 acres and under.   I am hearing 3000 to 3500.   DP Penn is offering a bit less for some individuals.    Can anyone give me an idea?

I am in Columbiana.

Permalink Reply by Jim Litwinowicz on May 30, 2011 at 2:39pm
Hard to compare pricing,  Chief already has some producing wells, plus gathering lines.  Plus, these a company with producing wells already have done all the deed work, engineering, seismic, and more.  They usually have contracts with midstream pipelines and treatment plants to handle their produced gas.  All of this adds great value to the leases.  These sales also usually incluse some post sale partnership deals in further developing the play that also muddies the water.
Permalink Reply by Tinamarie S on May 6, 2011 at 10:24am

I am still trying to find a contact to sign a lease but I am not having any luck.   Anyone have a contact?  I am finding out that no new groups have formed.  

 

Permalink Reply by Tinamarie S on May 6, 2011 at 10:25am
Where is the next signing and who do you contact to sign?
Permalink Reply by Utica Shale on May 6, 2011 at 3:04pm

Tina,

 What county is your land in?

 I do not think that ALOV is still actively accepting new members.

 All of the members who wanted to sign a lease did so in April.

 There is no "next signing" for the ALOV group.

 We had our own lease created with very specific language to best protect our familes, our water, our land and our financial interests.

Permalink Reply by Tinamarie S on May 6, 2011 at 7:45pm

Thanks Gregory,

How about a contact name of a representive?  

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