Any more ALOV updates

We have property in Trumbull County and have been told by ALOV two more weeks but they have said that 3 times.  I am concerned about the length of time it is taking versus what they said it would take.  Has anyone else heard that they are promoting somewhere around $4000 or $4500 an acre and around 18% in royalties.  I have also heard people in the area  say that those per acre prices will start coming down as the companies expand into Trumbull County.  We have had interest at $1500 to $2000 per acre and 15% royalties and the ALOV proposal has more but I am not sure if it will really come true.

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Replies to This Discussion

Permalink Reply by Craig Stull on November 12, 2011 at 2:02am

Ron, whats the scoop??

015334grltd9mPermalink Reply by 015334grltd9m on November 12, 2011 at 2:39am

Guys,

My source  is very reputable and will not devulge anything but facts, so hang on when I know I will advise.

 

Permalink Reply by Amanda on November 12, 2011 at 12:56pm

Sounds exciting!  Thank you for keeping us up to date.  It is very much appreciated.  :-)

015334grltd9mPermalink Reply by 015334grltd9m on November 12, 2011 at 1:44pm

Did you join the Marcellus Utica Landowners Assn.?

Permalink Reply by Amanda on November 13, 2011 at 12:36am

ALOV of Trumbull County

Permalink Reply by Tanya Gabriele on November 16, 2011 at 4:45am

Chesapeake has declared Fowler a "Sweet Spot" for oil.  They are offering landowners $5000 an acre for land leases!

Permalink Reply by Jeremy on November 17, 2011 at 3:39am

Do you have contact information for this offer?

Permalink Reply by Tanya Gabriele on November 17, 2011 at 7:58am

My brother recently attended a meeting for landowners in our area.  I do not know who led the meeting, but one of the landowners--a farmer we've known for years--who owns a farm on Ridge Road informed my brother that he recently signed a lease with Chesapeake for $5K.  He advised us to contact Chesapeake to get in on the deal.  

Permalink Reply by theresa r barbe on November 17, 2011 at 3:03am

so everyone was so fast to question bob rea's intentions and keeping the website updated ---i dont see any comments about the article in yesterdays tribune that alov for trumbull county has a meeting saturday and i received my letter in the mail yesterday admitting me to the meeting..Thank you Bob Rea you did a fantastic job and im looking forward to saturday...

 

015334grltd9mPermalink Reply by 015334grltd9m on November 17, 2011 at 3:44am

The only thing that separates Trumbull from Mahoning is an imaginary line...... unless the disposal/exploration wells tells us otherwise.

Permalink Reply by Amanda on November 17, 2011 at 7:06am

I'm with you, Theresa.  I never questioned his motives.  How could you, when he's doing it for no price?  Just the processing fee.  I'm just so grateful that there is someone out there helping everyone that neither have the knowledge, education nor time (many people work a lot of hours to stay afloat in today's economy) to do this on his/her own.  I think what he is doing is more than fantastic. 

Permalink Reply by Tom Frey on November 17, 2011 at 7:11am

I agree with Theresa and Amanda. Good job Bob Rae.

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