Replies to This Discussion

Permalink Reply by john ginkel on October 4, 2012 at 4:52pm

Chevron has signed many landowners in Clarion County, the lease they offer is not very landowner friendly, my lawyer instucted me to not sign, to many openings for Chevron to "back-out" and the bonus payments were not guaranteed. I have not heard of anybody getting there bonus. Also they claim that there offer has been reduced to $1500/acre with 15%, the $3250 went away about a month ago (at least thats what they say).

Permalink Reply by Mat B on October 7, 2012 at 8:29pm

I know of a few of our neighbors and friends have gotten their bonus from Chevron, it was for $3250 an acre.  We have been in contact with Chevron and should be receiving our bonus check within the next few weeks also $3250 an acre.  We also had some very good addendums added to our lease. Our landman tells us the offer now is $2500 an acre.

Permalink Reply by Buddy on October 7, 2012 at 9:27pm

Mat B... Are you and your neighbors near the Chevron Frill's Corner well?  Do you know how that well went/ or is going?  Did you contact Chevron on your own?  Are you close to pipelines?  Congratulations; I hope all works out for you.

Permalink Reply by Mat B on October 8, 2012 at 2:46pm

Thanks Buddy! We are not near Frill's Corners and I do not know how that well went.  All I know about that well is that our landman told us it was a test well.  We contacted Chevron but they were leasing a lot of our neighbors. We are located in Salem Township.

Permalink Reply by Buddy on October 8, 2012 at 3:37pm

Keep us posted.  This is very interesting, and I love it when a landowner deals directly with the gas company!  Are you at liberty to give hints on the addendums?  I hope Chevron moves across Clarion County to the east in the near future!  And I hope the Frill's Corners' well passes the 'test!"  It is good to read something about Clarion County for a change!

Permalink Reply by John Soroka on October 4, 2012 at 5:01pm

Thank you, John.  I'll post again when more information comes my way....

JS

Permalink Reply by Lance Nimmo on October 10, 2012 at 10:11am

Anyone hear anything going on, or any interest in Madison Twp? Thanks

Permalink Reply by tomcats58 on October 12, 2012 at 12:20pm

The companies leasing in that area, mostly Chevron and EdgeMarc are not seriously leasing at this time. Lack of infra-structure is still the main hurdle. They are just shopping around "company leases" that no lawyer would allow anyone to sign. They are throwing out low ball offers and if they can get anyone to sign they are ahead of the game. Do you blame them? Most landowners are waiting for details from the North Washington well once Chevron decides to frack it, but even they are waiting for some pipeline infra-structure. Once there are more data points and pipelines, leasing will again start for real.

Permalink Reply by Mat B on October 13, 2012 at 10:10am

We signed with Chevron for $3250 an acre, I do not think that is a lowball offer. Also the lease was not a "company lease", we also had a lawyer that specializes in the oil and gas industry look over the lease before we signed it.  As I stated above we did get some very good addendums added to our lease.

Permalink Reply by Lance Nimmo on October 15, 2012 at 2:37pm

What twp. are you in?