Comment

Comment by JT on December 11, 2010 at 2:09pm

After reading the article in the Wheeling Intelligencer today, I contacted Bob Rea (Associated Landowners of the Ohio Valley).  They primarily represent Columbiana County and are a voluntary organization with expenses covered by voluntary donations.  If there is enough interest, they would consider starting a group in Harrison County.  Bob's number is 330-337-3100

Comment by jerry allen on December 11, 2010 at 10:49am

Check out Dec 11th article in Wheeling Intelligencer "Drilling Lease Control Crucial."

There are advantages in joining forces...

 

Comment by Chuck White on December 10, 2010 at 5:46am

Scott

I was told by our landman after we signed. At some point they move on and the drilling Companies work with what is currently leased and up front money stops. He said after they moved out of Pa. he is still getting calls from land owners he made offers to previously and he tells them it is too late we have moved out of your area.

Comment by scott jackovitch on December 9, 2010 at 10:28am

General question ? Do you guys believe when this is all said and done the gas companies will own the rights to every acre in Harrison and surrounding counties ? Or do you believe there will be areas of unleased land ? What have they done in PA or other locations where they have drilled for shale gas ?

Comment by Dan on December 9, 2010 at 7:20am

Chuck, I can see how they would balk at completely removing the extension clause. Nate, do you ever try to write leases to remove that clause?

Comment by Chuck White on December 9, 2010 at 5:51am

Dan
We added right of first refusal to our lease they will not deleate the extention clause, it may be the only option you have.
There are companies out there like Cavalier that will agree to just about anything, but they are going to pond your lease off to someone else, and I think somewhere in the transfers, agreements get lost. Just my opion.

Comment by Josh on December 8, 2010 at 11:54am

thanks Dan I will continue trying to learn as much as I can before I make my move. I appreciate the advice.

Comment by Dan on December 8, 2010 at 10:47am

Josh, there are lots of resources that are easy to find out there that answer your basic questions in detail, so I recommend doing that, but a quick answer is that pooling can sometimes give you a better chance of getting a good lease, legal advice on the contract is prudent before signing, and you definitely get royalties no mater where they drill, as long as your property is included in the unit. If the well goes under your property, you get royalties.

Comment by Dan on December 8, 2010 at 10:25am

I see what you mean Nate. Right of refusal is practically the same thing as Extension of Primary Term. Better to just rescind any wording of extension of term then.

Comment by Josh on December 8, 2010 at 10:16am

-new member!
Looking for advice I have been schooling myself on the shale rush. I only have 10.5 acres, just wondering what would be my best move? Should I pool together with other landowners or stay as single tract and take signing bonus and run. Question will you get royalities only if they drill on your land? Technically they could drill next door and be under my piece of ground so do I get a percentage of that well head? Still trying to make sense of all of this.

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