Al Cramblett's Page

Al,  Apparently have 11 free acrs to lease out of a total 133 ac.  Just don't know what happened on the HCOLG apps.  I filled out the forms, sent the donation, got nowhere fast...really thought that I would be included in the Harrison group...pretty dissapointed there.  I'm in the NW Harrison cty, Monroe twn.

Al,

 

Thanks for the information.

My background information is this:

 

I read up this play starting around last fall.  I feel I was caught up in all the excitment, wondered why nobody offered me a lease. I ended up signing in with ALOV.  A great lease, but as we know bonus have since gone up from the $2250.

 

Well, a blessing in disguise, CHK  kicked out my lease due to HBP issues.

 

Well...soon after signing the lease  ( in April) ,,,,Sierra Buckeye comes to town.

I find out they snathed up all my HBP leases in  deal s with local O/G  operators. So Sierra is my best fit I believe.

 

I been talking with them.....learning every day. Told them I won't sign lease for free acreage until we make a deal on free acreage and new terms on old HBP leases...a package deal.  I have 2 parcels....they almost connect....83 acres and 188. 

 

Suppose to have meeting next week with VP of Sierra ( we talked before)  to get something worked out.

 

What I find is that these guys are all the same...tell you anything, nothing documented/written....and won't give much information.

 

 

 

I realize now that I have no control over drilling dates.....so just have to live with that

 

Well..thanks..

 

-paul

  Their lawyer them this, I am blotting out their names k?  The .... family will have to send a letter (I would send it certified with a return receipt requested) to the Dale address on the first page of the lease.  The letter needs to state that:

 

“this letter shall serve as notice pursuant to the terms of the lease between .............. and Dale Property Services recorded at Deed Book Volume......... Page ...........  regarding limitation of forfeiture.  This lease is cancelled, terminated and forfeited  due to non payment of the paid up delay rental.  This letter shall also serve as a demand to file a release or surrender of lease. ”

  you should do the same  but I forget all of your details...this lease has a limitation of forfeiture clause which requires 60 days notice before you can bring suit against Dale.  If dale pays before the 60 days are up, the lease is in force.  If Dale doesn't, and refuses to file a surrender or release of lease then she will need to file a quiet title suit. ( I think Dale and Chspk work together, its one of those small companies like that works for CHPK)

 

Can you explain to me a little better exactly what happened.. I have like so many people that have gone through this and one

I have 14.125 acres in moorefield township, wish I had more but it is what it is.  This natural gas boom is amazing I never thought anything like this would happen

 

Thanks Al!  One of my neighbors emailed the senior landman from Chesapeake yesterday asking for the bonus to be increased, but he hasn't received a reply yet.   There are 5 of us that have adjoining land and are all in the Group B who haven't been paid.   Two of the neighbors in this Group B situation are supposed to sign with XTO today.  Not sure what to do since I only have 5 acres. 

Thanks for the counsel-much appreciated, Al.

Will do tonight- many thanks!

Didn't quite understand your message Al. But we drilled 3 wells by Bowerston/Leesville. Fraced one this week, the next on Wed and Hopefully the 3rd the week after. Sierra is going to Drill a test hole outside Leesville on one of our leases and get some data and they plan to start drilling out there this fall/winter.

Thanks Al I appreciate that. I am currently holding 160+ acres in Harrison county and I am being approached to sign off on the gas and oil rights. I am using an attorney but as he says there is no crystal ball.

I went to Larry Piergallini's meeting Monday and picked up some information. I agree with your comments about signing for a better royalty rate versus bonus. I am questioning whether I should try to broker with a smaller company. I learned that you can spud a well on only 40+ acres. I am curious if a company would come in just for my 160+ acres. maybe the royalty rate would be better. I would appreciate your insight into this matter. Thanks.

 

William