Comment

Comment by Josh on February 24, 2011 at 12:32pm

I think it is astonishing that five years ago so many people signed for $5(oxford) and now we are talking about $2000 I say we all wait five more and retire?

Comment by Dan on February 24, 2011 at 12:07pm

There are so many factors Josh.  There are factors that push it up and factors that push it down.  Speculation about the well, proximity of land to the well, competition from other drillers and brokers and outside energy buyers, size of acreage, trade-offs with other lease terms, how close you are to a transmission pipeline, and market prices of gas and oil, to name a few.  Putting all the factors into a formula that spits out the signing bonus is a few steps higher than rocket science. Maybe a specific rise at some point has one cause, but overall there are many factors at work. Don't know if that is what you are asking. Perhaps someone else has more insight into this.

Comment by Josh on February 24, 2011 at 8:10am

Can anyone tell me where they are coming up with this bonus money figure?  Since we all know that they are after the Utica Shale when will we actually know the true value of this formation?  I understand we are still in the probing stages so should we wait for some conclusive numbers before we make any moves? 

Comment by Dan on February 22, 2011 at 12:38pm

I have now seen the revised permit for the Chesapeake well in Carroll county, and it is a 7000' horizontal well, just like they did at Buell.  It would appear that they are trying to methodically get a handle on the production of this area.

Comment by Dan on February 22, 2011 at 10:40am

Josh, I don't know Chesapeake's "game plan" for Harrison County, but here is what I do know.

The drilling is all done at the Buell well, and they are making preparations now to frac the well.  As far as I know, they have every intention of putting that well into production.  I know some landowners who are in negotiation for pipeline right-of-way to connect that well to a transmission line 3 miles to the west.

 

Since the new year, there have been no permits issued in Harrison for drilling new wells, by Chesapeake or anyone else.

 

On 1-14-11 Chesapeake got a permit to drill in Carroll county down to the Utica.  So far it is not a horizontal permit, but that's the way it started out with the Buell well too - they changed the permit to horizontal later.

 

Phillips Energy got  a permit on 1-25-11 for a horizontal Marcellus well in Belmont County.

 

Oxford has a couple permits in Belmont too, one dated 1-27-11 and the other 2-7-11.  They are stated to be 8000 feet, but I'm not sure from the way the permit reads if they plan to end up in Marcellus or Utica.

 

So I don't know where the next drill site will be in Harrison. Does anyone else have any information?

 

Comment by Dan on February 22, 2011 at 7:18am

MARK YOUR CALENDARS! First meeting of the Harrison County Ohio Landowners Group

This Thursday, February 24, 7:15pm at St. Teresa Church Activity Center in Cadiz.

This is a group by landowners for landowners with two main goals:

Protecting the natural resources of Harrison County with strong lease wording that guards our soil and water.
Boosting the economy of our county by getting the best lease compensation we can achieve for our landowners, thus keeping money circulating in the county.
Please visit www.harrisoncountyohiolandownersgroup.org more information on this brand new group! On the website you can see our lease document, the sign-up form, and learn more about how the group operates. There are no large signing bonus fees paid out to brokers or landmen in this group! It is organized by landowners of Harrison County for landowners of Harrison County. Please consider coming to the meeting Thursday, but even if you can't please contact us at [email protected] or (866) 931-4197 (a free call for landowners residing out of the local area) for any questions you might have.

A little background: Many of you have seen my posts on this forum for quite a while now. Like most of you, I came here to educate myself about gas leasing and to network with other landowners. I am also in negotiations with landmen for my acreage. The research I have done over the past few months has led me to the conclusion that the best way to negotiate is directly with the gas companies, and the best position for negotiation is being a part of a landowner group. Some of the groups out there are "for-profit", where the attorneys or landmen organizing them keep 6%-10% of the signing bonus. In HCOLG, the we landowners run the group, and we keep all of our bonuses and royalties for ourselves. Plus we are negotiating some of the strongest lease terms that I have seen offered in this county. I have observed other counties starting up these kinds of grassroots groups, but no one was doing it in Harrison, so after talking with many others including folks on this forum and several county leaders, I decided to start our own group here. Go to www.hcolg.org for more information, and please spread the word about it to your neighbors. I hope to see you all on Thursday. Check the website for a map to St. Teresa Activity Center. It's a block down from Coffy's Supermarket.

-Dan Ellis

Comment by Nate on February 21, 2011 at 11:31am

Chk does tend to have a record of making deals w/ the Chi-coms...

Comment by Josh on February 21, 2011 at 11:06am

Does anyone know what the game plan is for Harrison County?  I can see the Buell tower is down now, where a they going next?  Are the drillers just testing the waters to get a market value?  Or are they actually going to produce in our area?  I have read alot of our mineral rights are being sold to China, it seems they want everything we have.  Please give some feedback if anyone of you have knowledge of whats next for our county.

Comment by Josh on February 15, 2011 at 3:54pm

I was wondering that myself!

Comment by jerry allen on February 10, 2011 at 11:40am

Information on Consol drilling in Utica:

Go to Zacks.com , type CNX in the symbol blank, scroll to Real- Time News on CNX, Highlight "Consol Energy Boosts Reserves-Analysts Blog"

Paragraph 3

Consol plans to invest $35million to conduct a six-well Utica Shale exploration this year.

I would think the original Barnesville well might have something to do with drilling six more wells.

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