"Thanks for sharing Terri,
My place is about 7 miles west of yours as the crow flies. Although the crow would have to cross the river 3 times to get here. I signed with PDC almost 2 years ago. (for not much $) I’m kinda…"
"Upcoming meeting in Bartlett, Tues 10/16/2012, 7 PM, Masonic Lodge. This meeting will be for anyone in the Bartlett - Amesville area (NW Washington County, SW Morgan County, NE Athens County). Guest speaker, Chris Penrose, OSU Extension Officer for…"
"Yea, Teri, who cares about oil. I got 3 inches of rain on my place, about 10 miles up the river from yours. It looks to have saved a sorry looking bean field. I signed with PDC about a year ago. Hope this is just a bump in…"
"Ron, there is a Palmer listed on the county auditors site on Centerbend rd. Bet that's it. Dang, I've been leased with PDC for a year now for a heck of a fraction of that. I hope it takes them 4 years to get to…"
"Thanks Ron, Where do you get early information like this. I couldn't find a reference on the ODNR site. So, like I do everything I want to learn about, I Googled the listing. The only reference was to an antifracing site that…"
"Morgan county is squarely in the oil window! Be patient and wait for the BIG money. They are getting almost $6000 and 21% royalty in Noble county and they are mostly wet gas. You may need to wait until late summer before you see that kind of deal.…"
"Morgan County Landowner's Group @ www.mclg.org
Be sure to attend some of the landowner meetings before you lease your land
to anyone. There are carpetbaggers out there attempting to swindle uninformed
landowners out of their land…"
Good luck as monitor of this new site and your efforts to form a landowner group. In regard to your question about PDC, I have been doing business with them for approximately 10 years. Their business strategy changed about two years ago, and I personally am avoiding doing any future business with them. Also, I feel strongly that a 15% royalty is too low.
The lease offer in Guernsey County started out at 50.00 100.00 250.00 and are now 1600.00 to 1850.00 and 15%. for a five year paid up lease.Morgan County is on the edge of the play however I believe that the Utica play will expand. It will take a few wells to be drilled in the area to heat things up Harrison and Carrol Counties is well on there way with some good wells drilled.
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 ]