Quebec Energy is headquartered in Dubai. They may be working with Devon, but you're talking about buying our own petroleum through a different country so far as I can see.
I'm in Wayne County. The Izaak Walton league here owns 275 acres, more or less, in the northwestern corner. We got an offer from Quebec and another from Avalanche. They're both for $250 per acre, which is the going lowball offer in the county.
Those reading here might want to check into Mohican Basin Landowners. This is a group with some very talented people at the top which has already got about 40,000 acres on board. It was started primarily by those whose property is included in the Columbia Gas storage lease and have found their storage lease has been sold to Chesapeake Energy. The MBL has retained a very, very good attorney in Dick Emens out of Columbus - check his credentials - and they are expanding their area of membership rapidly. Check their website, which is still undergoing a lot of work but contains some very informative links.
Joe - I may be biased by experience, but I strongly suggest you visit the Mohican Basin Landowners site. The attorney for the group does not necessarily agree with the Chesapeake position about them having the right to drill. There are, last I heard, about 38,000 acres in 4 counties signed on with this group, but that was a week ago and it's growing fast. Their website has helpful links for you.
There is apparently no problem with drilling and casing through the Clinton storage area here to get to the Utica Shale below it. If there was, I don't think Columbia gas would have sold those storage area leases so quickly. If there is some difference between the Clinton Sandstone here and in Stark County I would be surprized.
Follow the trail a little further. Their world headquarters are in Dubai according to what I found with a simple Google search and a little time. Devon is in there, but the trail doesn't end with Devon.
The bottom line I am concerned with is simple - are we going to end paying the same foreign companies we now send so many dollars to for the privilege of using our own oil and gas? There has to be some way to keep the dollars here.
I'm interested in the storage field issue. Any info you could provide would be greatly appreciated.