ALOV and Northern Trumbull County- Updated Discussion to include BP Lessor's and Bonus money Payment's
Hello all!
I have been doing a little research and speaking with friends and neighbors about forming a group to address the needs of those of us not yet represented by a landowners group.
This led me to call ALOV after hearing that they had accepted some acreage in Trumbull county.
I paid little attention to ALOV earlier as their website did not list Trumbull county as an area of interest, although the work they were doing was certainly of great interest to me.
From what i gather there was a cut-off of June 30 for sign-up with ALOV, they extended that and also had a meeting at RD banks Chevy in Champion. This may not be news to some of you, but i had not come across the posting until after. The word i got from an individual at ALOV was that Chesapeake set a northern geographical cut-off in Trumbull county of St.Rt.88, again this may not be a newsworthy flash to some. Many landowners attended, more than expected according again to a source at ALOV, and signed up their acreage.
Now heres the news, ALOV has agreed to start a "Waiting List" of still more interested parties from areas north of St.Rt.88. If you call them with name, address and phone number they will put you on the list, and depending on level of interest, they may choose to represent us as a group in a similiar fashion, with the same or even better terms to Chesapeake, or another interested party.
So call up ALOV, their number is listed on their site www.alov.us , and ask to be included in their next go around. From where i stand why re-invent the wheel, they already have done the groundwork and have the attention of the industry on favorable terms, lets ask them to either start another "Pool" to include us, or come work with us to the same end.
If you have information to share, please join in the discussion, Thanks
Hello again to all my fellow Utica Shale Owners. I Just stopped in to ask if there were any who signed with BP from the ALOV Northern Trumbull county group, that resulted from these efforts, still around.
Has anyone had any conversations/correspondence from BP concerning title defects, or other issues that would delay payment or affect your lease, or gotten a check for Bonus money?
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Replies to This Discussion
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Permalink Reply by Debby Melvin on -
I didn't think that they could. It seems pretty cut and dried to me that the bonus money had to be paid by the first of October or we could walk away from the deal.
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Permalink Reply by Steven Kacerski on
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Debby,
It does to me too that is why i was questioning Fang. Wasn't sure if he was trying to stir the pot since he has been talking lately about the other options in trumbull county or if he just had the start date of the 180 days wrong.
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Permalink Reply by Steven Kacerski on
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Fang,
I think you need to go back and read my reply a little closer. If you look back at my reply and debby's reply above it was about the time table BP has to pay us. My comment has nothing to do with you recommending Debby shop around in case her lease falls through. I'm well aware what the site is about, but if you're going to provide information at least make sure it is correct or provide details why you think what you know is correct.
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Permalink Reply by tomvargo706 on
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I know it is frustrating but BP has to the end of the agreement which is either the end of Sept or Oct, depending on when you signed. Believe me, they will pay even if they dont drill because they can resell bulk leases at a profit.
Furthermore there are only a few of us left on this board so we really dont know how many checks are being sent out each week.
Trust me, im in need of much operating cash flow for my current business and am hoping I will get my check soon to cover operations, and I have faith they will come through.
After the Horizon Oil spill they dont wont bad PR in the U.S. and they have plenty of cash and assets to fullfill their obligations.
Lastly, they are not going to pay a few without purchasing the surrounding areas to drill, that would make no sense because it would have limited resale value.
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Permalink Reply by James Kerns on
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Hey folks, I have a number for BP's David Greenwood in TX, but he will refer you to the OH program manager, that info was supplied on a label on the bottom of the mannila folder we were given on lease signing. Lease related questions, trumbull.ohio@bp.com , www.bputica.com
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Permalink Reply by C Middleton on
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The Fed Ex truck was making deliveries today!My friend just updated me...I am still waiting Ugggg!
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Permalink Reply by Adele Dannels on
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Maybe well get lucky tommorow
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Permalink Reply by J T on
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Well I will tell you, I now know more that I ever cared to about FedEx. The big trucks as I said are Fed-Ex freight. The smaller vans that say home delivery are also everyday deliveries. The smaller vans that say Express Delivery that look exactly like the other smaller vans are the ones I bet we are looking for. If that is true that we are looking for the Express Delivery vans I am not getting a delivery today as I was out mowing and saw them go by. lol. Maybe next week for me. I will try Monday to write about the unintended negative impact this BP deal is having on the economy thusfar. People are reluctant to get a loan for any purchases they are planning since thay have this bonus money coming, kind of like buying a candybar the day before Halloween. Wait till tomorrow, they are free. I will write next week about the business people i have talked to that say things are very slow in the area because of this. Who would have thought? Have a great weekend everybody and keep us informed if you hear any deliveries.
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Does anyone know: Are they only sending out checks on the 1st of the month? I think I read that common thought posted, but was curious if I was off-base or not.
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Permalink Reply by Debby Melvin on
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I don't know...things are pretty quiet here but as far as I know the one checks they sent out were the first batch. Can't get anyone from BP, ALOV, or the attorneys to call me back with any kind of information.
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