Our next BCLG meeting is going to be Thursday October 28, 2010 at the Snowmobile
Club in Washington Twp.
a.. At 6pm will be an informational meeting to describe BCLG, answer
questions and to provide updates on the group. This portion of the meeting
is open to anyone in Cherry, Clay, Concord, Marion, Venango and Washington
Twps. of Butler County.
b.. At 8pm will be a planning meeting open ONLY for those under agreement
with BCLG. We will be discussing the findings of our group survey as well
as the strategies to move forward in our collective marketing and
negotiating process. Our attorney, Andrea Parenti will be present so we can
discuss the lease parameters that we wish to negotiate into the lease.
One thought: Some landowners have asked me if they should accept an offer
from a gas company now? They are out there lowballing landowners. It is
always up to the individual to decide whether to sign or not and we will
never pressure anyone in to signing or not signing, but my feelings and what
has happened historically in other areas is that the numbers do go up! The
gas companies are not going to walk away, in fact as time goes on more will
come in creating a competitive environment. I plan on waiting and working
collectively with the other landowners in this group to get more of my fair
share but also to have the power to include protective addendums so MY land,
YOUR land and OUR community are protected!
Hope to see you on the 28th!
we are planning a meeting in Venango in the next couple of weeks. we have several landonwers already signed up an are using the numbers to our advantage. I have a meeting with 2 different O&G companies next week.
I would like to attend this meeting. However I am returning late and may not make it in time. Could I have contact number or email so I can join before the cutoff date in March. Thanks-JEFF
Jeff, you can send an E-mail to [email protected] and I will send you some information. We also plan on having a video taped copy of our presentation available online soon for those that have not been able to attend one of our meetings.
Groups = Biggest O&G scam ever! Explain to me how packaging your property with other landowners far removed from you is of benefit? Because there is greater bargaining power? Sure, for the people standing to profit from a lump acreage sale to the highest per acre bidder. Meanwhile, Joe Smo, who's land is surrounded by Exxon just got his shit sold to Chevron because they were the highest bidder and now never has a chance to see his gas get produced, until his lease expires (ten years down the road, when the per acre bonus is $1000), or they flip it to the producer in the area (who has no incentive to buy it, since Pa has no forced pooling, and they can draw the unit around you). Historically the numbers go up? Well, as you can see these folks would have really loved selling real estate in the late 90's. Again, Pa has no forced pooling (if you're involved in a group, and you don't know what this means, there is a reason for that). You will simply become the 'Brady tract' from the movie 'There will be Blood' (great movie). Even if forced pooling existed in Pa, 'historically', price can still plummet after majority leasing has occurred....reference Haynesville Shale.
Already sounds like those involved with BCLG west of Clay and Cherry are now second rate members.
Further, lease Addendum's constructed to suit the needs of the individual mineral owner is obviously more logical than a blanket Addendum for all members of a group. Carry on cutting your own throats with groups, or get informed, get a lawyer (who is in reality working in your best interests), get the deal done.
It's truly terrifying the individuals and new age ambulance chasers who purport to be versed in oil and gas and the rate at which the potion is being consumed.
Johnny it doesn't sound like you are very familar with our group. So it would be appreciated if you get the facts straight about our group before making absurd comments. Not every group is the same and not every group is a lease flipper. For example "Friendsville Group". A true landowner group that secured some of the highest bonus and royalty percentage in PA.
As far as depth severance clauses, we are well aware that the Gas companies are not going to allow this in a lease. Nor does the group want a depth severance clause. I think its important that you check the dates on some of the posts. Many things have changed and progressed in the group since its formation, so a post from November 2010 may not be accurate any longer.
First our group is concentrated over a specific area with a focus on continous tracts of land. Our group is made of local landowners and is not a lease flipping group. The group is out to get the best offer for our landowners, it is then up to the landowner to sign the lease or not. They don't have to sign if they don't like the terms or addendums. Basically we are just collectively bargaining and are not forced to sign anything as individual landowners unless we so choose.
Second even if my land were surrounded by Exxon leases and the group leased to Chevron it should not matter. Oil and Gas companies frequently trade/sell leases to one another to complete units. This has happend all over Bradford county Pa and the landowners are getting their "gas produced" and receiving royalties.
As far as a 10 year lease, I don't know of anyone signing that long of a lease. Our group is certainly not going to sign a 10 year lease.
If your happy and have a lease, great. Sit back and enjoy your splendor, as for the ones that choose the "landowner group" don't assume that this is their first rodeo and not in the know.