Replies to This Discussion

Permalink Reply by elliemae82 on October 30, 2013 at 3:27pm

What township was the $6000/acre?

Permalink Reply by Joseph-Ohio on October 30, 2013 at 9:32pm

$6.0 k per acre / 15% royalty Township guesses :

Orwell ?

Wayne ?

Andover ?

Richmond ?

? ? ? ? ? ? ? ? ? ?

Permalink Reply by Dave on November 20, 2013 at 10:16am

Ohio-Ashtabula County  11/18/13   12 1/2%   100.00 per acre per yr. 5 yrs. 10 acre.

 

Morgan twp. 5 year offer to extent

Permalink Reply by Joseph-Ohio on November 20, 2013 at 11:26am

Wondering how your (and your neighbor's) agreement reads relative to landowner payments / debits (development / post production / market enhancement / etc.) - care to share such details with us ??

Permalink Reply by Dave on November 20, 2013 at 12:36pm

The payment (4980) would be paid up front (within 60 days) of signing.

I do recall they added a market enhancement clause in an amendment a few years back I'll have to do some research as to the wording

Permalink Reply by Joseph-Ohio on November 20, 2013 at 12:47pm

Thanks for sharing Dave.
Best of luck whatever your decision.

Permalink Reply by Dave on November 20, 2013 at 1:02pm

Lease is up....first offer........time is on my side I figure

Permalink Reply by Joseph-Ohio on November 20, 2013 at 1:04pm

Good luck man.
We're on your bus too.

Permalink Reply by elliemae82 on November 24, 2013 at 11:52am

We can only hope that low offers are not accepted in Ash. Co. We need to be patient and get what our properties are worth.

Permalink Reply by Dave on December 1, 2013 at 10:41pm

Couldn't agree with you more elliemae, I feel that this area with all the old Clinton wells will end up being a hot spot, don't ask me why...just a gut feeling. I think they know what is down there, they are just holding there cards close to there chest right now.

Permalink Reply by Joe on December 7, 2013 at 7:50pm

Received a notice from NELA today. They are canceling the contract I have with them. Looks like the ship is going to sail without some of us in Ashtabula again.

Permalink Reply by Joseph-Ohio on December 7, 2013 at 9:44pm

Sounds like NELA can't find a buyer for their agreements.
Why ?
Not enough acreage ?
How many acres were signed ?
Too environmentally conservative ?
Not enough infrastructure yet ?
Too much land / surrounding land HBP ?
Too much surrounding land under other agreements ?
Were they paid to but out ?
All of the above ?