I'm new to "gomarcellusshale", as well as new to this business. We have a 152 acre farm with "Clinton" gas wells which supply our needs.
We've been approached by Fossil Creek Energy Corp (FCEC) for $50/acre, 12.5% Royalty, and $10,000 if a well is drilled. We are sitting on the Utica Strata. I've carefully read the lease and am very suspicious of the terms. We are consulting attorneys. I don't see any members from Noble County..and some interesting notes from Guernsey which lead me to suspect the FCEC lease. Can they broker a lease after signing "cheap"?
We have news of ARTEX Oil offering leases in our County, they're out of Marietta. Any comment on FCEC, ARTEX, and my suspicions would be welcomed!
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How do I find a group in my area (Buffalo township) so that I can get a lease going? I was in the Homestead Energy group that got the Guernsey county lease but me and my neighbor got left out of the signing.
Open signing today with the KWGD group at Pine Lakes Lodge in Salesville. $3700 acre at 18%.
Scott, that may change if they strike "Black Gold......Texas Tea" at the Windy Ridge location. lol
They plan for that location to be in production by March.
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