I'm new to "gomarcellusshale", as well as new to this business. We have a 152 acre farm with "Clinton" gas wells which supply our needs.
We've been approached by Fossil Creek Energy Corp (FCEC) for $50/acre, 12.5% Royalty, and $10,000 if a well is drilled. We are sitting on the Utica Strata. I've carefully read the lease and am very suspicious of the terms. We are consulting attorneys. I don't see any members from Noble County..and some interesting notes from Guernsey which lead me to suspect the FCEC lease. Can they broker a lease after signing "cheap"?
We have news of ARTEX Oil offering leases in our County, they're out of Marietta. Any comment on FCEC, ARTEX, and my suspicions would be welcomed!
No unfortunately it does not at this time...checked this a.m. and was informed I could be put on a list for the possible future.
Is the signing being held at the S.E. Equipment training facility out by my road? If it is, I may have to drive up there & see how crowded it actually is...
I am not in your group but would like to ask some questions pertaining to location and who they are willing to take based on townships etc. Is there a person or number i can call? Thanks,