Ashtabula County, OH

Comment

Landowner Comment by Joseph-Ohio on Friday

@ landlubber:

Thanks for the info. pertaining to in general the formation of oil reservoirs and the drilling and recovery from those reservoirs (pools).  Very informative.

As I understand all of these new efforts in 'shale plays' however, things are quite different in that they fragment the shale to allow the oil and gas to flow through the rock more easily toward the well vertical where they rise to the surface and are recovered.  One key statement made in much of the literature that I read is that the Utica Shale for instance is the 'source rock' that rendered the earlier most easily recoverable 'pools' and with new technology can be developed to recover the resources within.

I envision the Utica Shale as laden with oil, natural gas and natural gas condensate (wet gas); acting like a soaked sponge so to speak.

Landowner Comment by landlubber on Friday

Basic info on drilling

Landowner Comment by Joseph-Ohio on May 20, 2012 at 4:22pm

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For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:

1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.

2. The Utica Thickness Factor is a hefty 300 to 350 feet.

3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.

4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.

So, I for one am thinking the 'Core Samples' will return high marks.

Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica - and (correcting my earlier comments) those (in the eastern half of Ohio) are the Beekmantown Dolomite - Rose Run Sandstone and the Copper Ridge/Trempealeau Dolomite formations.

Let's All Think Positive !

Landowner Comment by Joseph-Ohio on May 20, 2012 at 3:59pm

Delete Comment

For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:

1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.

2. The Utica Thickness Factor is a hefty 300 to 350 feet.

3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.

4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.

So, I for one am thinking the 'Core Samples' will return high marks.

Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica (Trenton-Beekmantown and Rose Run).

Let's All Think Positive !

Landowner Comment by Rick on May 18, 2012 at 7:01pm

Test well in Rome still operating when I drove past this morning (5/18).

Landowner Comment by Joseph-Ohio on May 18, 2012 at 2:35pm

http://www.pickensplan.com/news/2012/05/17/morning-joe-becoming-ene...

 

Watch and listen to T. Boone Pickens at the above link.

Comment by brynmore on May 18, 2012 at 5:26am

has anyone heard antythin postitve or negative as to the findings of the test well in rome ? i figure that the ones doing the testing dont want the info to leak out due to the money they invested to perform the test

Landowner Comment by Joseph-Ohio on April 21, 2012 at 6:22pm

 

To Depolarized Farmer,

Thanks for taking the time to add to the discussion and provide your recommendation - I certainly appreciate all input.

Still looking both ways, checking all mirrors and studying the road ahead as best as I'm able.

Joe

Comment by Depolarized Farmer on April 21, 2012 at 12:38pm

Joseph,

ALOV provided its services for free.  They were formed by landowners, for landowners.  In Trumbull, the $60 fee was actually $135...  it was $60 up front, plus $75 at lease signing.  The $135 primarily went to the multiple attorneys that they had represent the ALOV landowners (for their many months of work), with the rest to cover the group's costs.  ALOV did not receive any other payments...  not from landowners, and not from BP.  They did get BP to pay for digitizing the Trumbull County Recorder's records.  The ALOV "staff" were volunteers.  They deserve much appreciation!

EALA is just a coalition of landowners in Ashtabula.  They intend to have Bob Rea of Buckeye Mineral represent its landowners to negotiate an ALOV-like deal.  Those landowners will sign up individually with Buckeye Mineral, whose only fee is 2.75% of the bonus payment, but not a slice of the landowner's royalty unlike many other so-called landowner groups (i.e. lease flippers).  I believe that Buckeye Mineral is clearly the landowners best option in Ashtabula.  It will probably pick up a good bit of the landowners who jumped on the Wishgard bandwagon...  it appears that Wishgard is paying bonus payments to a few of its landowners just so they can say they are "paying", and the rest are being asked to sign extensions.  Unfortunately, anyone who signed with NELA is stuck for 5 years.  I personally doubt that NELA has enough acreage to be saleable, but honestly I don't know their totals. 

Landowner Comment by Joseph-Ohio on April 21, 2012 at 8:32am

Dan,

It's ok to disagree.

It's ok to be optimistic.

Believe it or not I also call myself an optimist (but, only because I'm not a pessimist).

Reality and the dollar being what they are/what I've learned them to be - I always look both ways before crossing and continually check my rear view and side view mirrors !

Still, there are too many times that I suddenly become aware of the unforeseen / unforeseeable.

Like I said earlier - Good Luck To Us All - especially insofar as this oil and gas business is concerned.  Seems to me, from it's origin, it's always been leaning to favor the big dogs. 

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