Ashtabula County, OH

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Ashtabula County, OH

This group is for all things related to oil and gas development and leasing in Ashtabula County.

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Members: 315
Latest Activity: 1 hour ago

Discussion Forum

Buckeye mineral 14 Replies

Started by don. Last reply by Ronaround Mar 25.

Horizontals - Morrison - Jewett - Magyar 3 Replies

Started by Joseph-Ohio. Last reply by Joseph-Ohio Feb 13.

"From Ashtabula County Ohio - The Silence Is Deafening - Talk It Up ! 28 Replies

Started by Joseph-Ohio. Last reply by elliemae82 Jan 26.

NELA ???? 16 Replies

Started by Helen. Last reply by elliemae82 Jan 18.

Feeling Un-Represented 2 Replies

Started by Joseph-Ohio. Last reply by Joseph-Ohio Jan 16.

A Post On The United Shaleowners of America Pages

Started by Joseph-Ohio Jan 12.

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Comment by elliemae82 on February 6, 2014 at 7:26pm

Anyone else having trouble posting on this site?

Comment by TM on December 16, 2013 at 4:06pm

From what I read it supposed to be next door to the Praxair Oxygen Plant and near a neighboring decommissioned power plant.

Comment by Jim Janson on December 16, 2013 at 4:01pm

I don't have any inside information, but I know that there is only 1 80-acre parcel in the area the articles described.  It's on the south side of Lake Road across from the old power plants, east of Rte 11, north of the railroad tracks (has a spur going onto the property), and west of the Elkem plants.   About 11 years ago there were plans to put an ethanol production plant on the parcel; that was when the 80 acre parcel was created.  Those plans didn't pan out; hope this one does.

Comment by Bill Simpson on December 16, 2013 at 3:53pm

My question was does anyone have a Specific location where it will be built.

Comment by Siegmund on December 16, 2013 at 2:48pm
According to the article, it will be built on a 80 acre plot to the east of Ashtabula, Ohio. There is plenty of vacant industrial space around there.
Comment by Bill Simpson on December 16, 2013 at 2:27pm

Does anyone have information as to where the plant being built by Pinto is going to be located.

Some articles say Ashtabula county and some say near Ashtabula County.

Appreciate any constructive info on the Exact location.

Comment by Joseph-Ohio on December 16, 2013 at 6:17am

Depolarized Farmer,

I haven't seen a copy of the BMD lease being promoted - have you ? ?

A few more questions about the lease (and any other leases being promoted by landowner groups like BMD) follow :


Does it have a clause option that limits 'Surface Disruption' ? ?

Does it include clauses that make the landowner liable to pay any 'Production / Post Production' costs ? ?

Does it include clauses that make the landowner liable to pay any 'Market Enhancement' costs ? ?

Does it include clauses that make the landowner liable to pay any 'Real Estate / Severance Taxes and / or Tax Increases' wrought by a Gas & Oil Well development ? ?

Can a landowner walk away from it if they don't like it once they've finally seen it without ramifications or hiring a lawyer and going to court ? ?

What 'Sign On Bonus' and royalty percent are being promoted ? ?

Do you know / can you say / can you share ? ?

Do any landowners know / can they say / share ? ?

We don't know - nor have we heard - nor have we read.

Are we being 'foolhearty' to believe we should know answers to those questions and more before we commit to anything by signature ? ?

We don't think so.

Comment by Joseph-Ohio on December 16, 2013 at 1:25am
Buying into what I see as buying a pig in a poke is what I consider to be most foolish.
Haven't found what I would consider to be a a valid reason to change my mind on that score yet.
Don't think I ever will.
But, that's just my personal and most humble opinion and perspective.
Comment by Depolarized Farmer on December 16, 2013 at 12:04am

I'm thoroughly convinced that Beusa (via Blackridge) would not have come to Ashtabula were it not for the Magyar group.  Magyar created the opportunity that made it possible / easy for Beusa to commit.  Same goes for BP...  they would not have come to Trumbull except that ALOV paved the way by assembling such a large group of landowners who committed to stick together.  Groups are critical, especially when your land is not in a "must-have sweet-spot" like Ashtabula County.  To think you can "go it alone" is foolhearty.  And let me clarify that it's critical for a group to stick together.  A group where members can leave at any point will not get deals done.  It has no firm basis from which to negotiate.  A driller will not negotiate with "maybes".

 

Although the timing may not be ripe yet for Ashtabula County, I believe (in my humble and independent opinion) that our best option remains Buckey Mineral (Bob Rea).  He has one of the best leases that drillers have actually agreed to (Chesapeake, Rex & BP), his group has a large amount of acreage already signed up and willing to wait, he is marketing acreage by the township, and his 2.75% fee is fair.  If we want to "get something going " in this already-drilled-like-swiss-cheese county, our most effective tool is to group up and stay grouped up.

Comment by Siegmund on December 15, 2013 at 8:13pm
 

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