So far there is none that I know about. Our time is soon and at that time we will form a group with an attorney and have an offer put together that we can present to the gas companys. Recently in Ohio 1500 landowners signed leases on one day! They leased 75,000 acres to Chesapeake Energy. They had an offer that they put together with an attorney and presented it to all potential gas companys. Someday we will do the same.
Seismic testing is being done in Greene Township (Jamestown), my property and several of my neighbors are having it done. I was offered a lease from EnerVest Energy and turned it down. It was $40.00 an acre and 12.5 % for five years.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]