Offers in Washington county

PDC offered $200 an acre and 15% for 5. The landman said if I got all the neighbors on board he would go $500 an acre. I know this is alot lower than the northern counties are getting so I was hoping for some feedback on here.  Also, speak up if you are in Washington County, I would like to see our own sub forum soon. Thank You

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Replies to This Discussion

Permalink Reply by Angela Smith on August 1, 2011 at 8:33am
Were you at the meeting Saturday?  If so, how did you interpret his strategy? 
Permalink Reply by DrillBABY on August 1, 2011 at 9:25am
He may be holding out for 4,000/acre but it's hard to tell when that gets here. Who wouldn't want to sign up for 4,000/acre, but my 2 cents is sign $2500-$3000/acre and your still a big winner if you get 17%+ royalties.
Permalink Reply by Monroe Co Landowner on August 1, 2011 at 9:46am
Yes even that sounds good, if and O & G co. offered it in Monroe County, and the contract was satisfactory.
Permalink Reply by Angela Smith on July 30, 2011 at 11:50am

Just attended SE Ohio Landowners meeting in Clarington.  He will be starting a washington co. group and is holding a meeting in  Lower Salem on Tuesday night.  Call him for details.  He is holding out for $4000 or more per acre with a good lease.

Permalink Reply by Michael Lawrence on August 8, 2011 at 2:23am
beverly eagles club, tues and thurs 1000 an acre.... call marie at  740-228 1395
Permalink Reply by Darrell Cochran on August 19, 2011 at 4:23am

Has anyone heard of any new offers of late?

Permalink Reply by Matt Kiggans on August 30, 2011 at 1:43pm
Anybody hearing anything lately? I know there has been several meetings lately,but I've been unable to attend. Any new news is appreciated.
Permalink Reply by Angela Smith on August 31, 2011 at 11:17pm
We've attended Jennifer Garrison's meetings (Southeastern Ohio Landowner's Assoc.) The group seems well organized but in beginning stages. Other than WishGuard, I don't know of any other Wash. Co. groups. Are you aware of any others?
Permalink Reply by Red Skelton on September 1, 2011 at 1:58am

Angela,  I believe KWGD will be starting a group in your area you can contact them to find out. Very professional and well run,with a great lease.They just finished their Guernsey County group.

330-497-0700

Permalink Reply by Michael Lee Gent on October 19, 2011 at 4:29am

I am new to the site, so bear with me if I sound a bit curious.

I own a small parcel in Washington County (Wesley Township) A small farm so to speak. I have been approached by a company and offered 1000.00 per acre with 15% royalties.

I am considering taking the offer, not because I need the money or am desperate, but in my case all I use the land for is a big lawn to mow! (my son says all I will ever be able to plant there is a "FOR SALE" sign) But I own it free and clear.

I know people are "holding out" for a lot more, but if everyone holds out and the prices stay the same how will any drilling get done? As far as I know in the area of my property there are a bunch of shallow closed wells (none on my property) in what is marked "Wayne National Forest" on all the maps are on two sides of my property.

so I figure what the heck, I might as well get the ball rolling, maybe someone else can get a few more dollars per acre or a bit better royalty. That is if they want it and I actually get paid in the 90 day period. we shall see and I will keep everyone updated with any wins or woes from this company. (I wont mention the companies name yet) I will after I get my lease approved, I really dont want to hear how bad, or how so and so screwed me, type incidents, I will then let out the Names, locations and all other information.

So here we go!  

Permalink Reply by DrillBABY on October 19, 2011 at 5:01am

Michael,

Where exactly is your farm located in Wesley township? A landowner group in northern Wesley/Palmer and southern Windsor township (Morgan county) recently reached an agreement for their acreage (10,500 acres) for $3750/acre at 17.5% royalty. That group is negotiating lease terms currently with closing in a couple weeks. Don't sell yourself short, it's worth more than $1,000/acre being offered by Wishgard. There is also a group forming in Cutler, you may consider joining a land group. Land groups almost always bring better bonus money and better terms in general.

Permalink Reply by Michael Lee Gent on October 19, 2011 at 10:50am

My farm is a couple of miles south on State Route 555 just below Bartlett, but my mailing address is Cutler. I am closer to Bartlett. I was unaware that any one else was barganing out there.

Who would I have to contact since I dont live there? (FYI the Land company is not Wishgard) I am open to any and all offers, as I have not signed anything yet.

That is why I joined this site, I dont want to cut out anyone or cause anyone else to get a lower PPA or Royalty.

I will hold off for a bit and see if I can find another interested party (I did not look for them, they found me).

If you know of anyone I could contact I would be deeply appreciative.

Respectfully, Mike

 

 

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