So now we know...

     After more than half the crowd clapped, I knew the figure was going to stand....180 days from April 1st, everyone is supposed to be paid, ect, ect, ect...

     I think BP is an improvement from Chesapeake, based on some stories....As far as the amount, ofcourse we would have liked to of matched the other counties...Like one guy said, the faster you get the money, the faster they can drill, and the faster you get royalties...

   

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Replies to This Discussion

Permalink Reply by Brian B on March 27, 2012 at 2:06pm

Call Jim 1.330.402.3900

Permalink Reply by tomvargo706 on March 27, 2012 at 2:40pm

You would have to go with Buckeye Mineral now like me

Permalink Reply by Nelson E. Yost on March 27, 2012 at 6:32pm

What is the contact to join Buckeye Mineral?

Permalink Reply by john p halloran on March 27, 2012 at 3:06pm
You sure did Bernie,where were you all this time?
Permalink Reply by john p halloran on March 27, 2012 at 3:18pm
Buckeye minerals cut will be close to 8000000,For that kind of money I'm sure buckeye got the best deal for all.I only wonder is, why lower than other counties. They say they are going after oil which is 50 times more valuable.Maybe the royalties will make the difference,only they know what's down there.
Permalink Reply by Utica Shale on March 28, 2012 at 9:20am

John,

 I thought this was called the ALOV Trumbull Group?

 But you wrote, " ... Buckeye Minerals cut will be close to $8,000,000 ..."

 Was Buckeye MInerals hired by the ALOV Trumbull Group to do the O&G negotiations?

 3% of the Signing Bonus ?

Permalink Reply by Ed Ganelli on March 28, 2012 at 9:27am

Actually, according to the pages that were issued with lease (not in the lease itself), there is a clause in there that has BP paying ALOV $150,000...

Permalink Reply by Utica Shale on March 28, 2012 at 9:42am

Ed,

 Do you know WHAT the $150,000 payment is for ?

Permalink Reply by john p halloran on March 28, 2012 at 10:21am
Utica,we were told the group leaders that are representing us takes 2.75 percent of leasing payment,or if you prefer,signing bonus.The 150000.00 might be a payment to help offset the cost of putting all of trumbull co deed records in digital form,that was to cost 250000.00.
Permalink Reply by john p halloran on March 28, 2012 at 10:04am
Same people with bob rae at the helm!!
Permalink Reply by Ed Ganelli on March 27, 2012 at 5:06pm

A copy of the lease the most recent Trombull/ALOV group will be signing can be found here:

http://media3.vindy.com/news/documents/2012/03/27/alov_TrumbullGrou...

Permalink Reply by Jnic on March 27, 2012 at 10:23pm

Hey Ganelli, how about being ethical and keep the details and such that they asked to be kept off the social media...........off!!!!!!

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