Just curious to see what everybody has observed in the way of lease solicitaions in our area. I am in Berlin Center and my neighbor stopped yesterday to tell me they were approached by MDE to lease their 8ac for CHK. Are they trying to tie up everything that's left in the area or lease for whats left to complete a unit? My thoughts were that the "land rush" was pretty well completed and they wouldn't be doing much soliciting due to the cash flows of chk unless the acreage was necessary; especially on a relatively small parcel like that. Opinions?
What did they offer your neighbor?
off the bat 3500 and 16%.
Were your neighbors approached previously or is this their first offer?
First Offer. They said the landmen showed a map with the highlighted areas being lease. They said it had a "preferred" unit on it although the leased acreage was significantly less than the unleased acreage at this time. Now they are playing cat and mouse w/MDE
MDE is also playing cat and mouse with me as well.....I dont' trust them and I don't think that they even try to neogiate at all....just tell you that CHK said No...
Hilcorp Energy is also leasing in Mahoning county. They are signing small landholders as well as large in Mahoning. Supposedly they have just started a well in Pulaski (PA). Offers are in the 5k with 20% ballpark.
Do you have any contact for Hilcorp, or know if they are still leasing land in Mahoning County? We were on the list with Buckeye Mineral at the first of the year and was told CHP wasn't signing anyone in Austintown anymore, so we have been at a stand-still since there.
There are about 5-10 of us on the edge of Austintown who are looking to lease (probably 100 acres total).
I too live in Springfield Township ,I also leased to Hilcorp for 5,000 acre and 23% royalties. We did this Febuary this year. Springfield Bob I think you were at Poland High School the same day I was . I think I know who you are Springfield Bob. How is the Iron working biz ? Any way I also have a Tennesee pipeline in my 5 acres as well. There are lines for wet and dry that run through my property. I am anxiuos as hell to see what comes of all this.
Does anyone a number to contact Hilcorp?
Sorry, no number for Hilcorp, but check out this website: buckeyelandholdings.com This is not to be confused with Buckeye Minerals, which is a different company. Perhaps this company can help you out. Good luck.
Try 517-899-1764 for Linda Bartley (Hilcorp-Western Land Services). I understand they are still signing, however offers for small acreage is now 4K + 18%.