Replies to This Discussion

Permalink Reply by Utica Shale on August 7, 2012 at 9:12am

If Halcon Resources Corp is paying NCL Appalachian Partners $6,000 an acre for oil and gas rights in an unproven area then why are other drillers not paying landowners $6,000 an acre for their oil and gas rights ?

Permalink Reply by Joseph-Ohio on August 7, 2012 at 9:25am

Only reason I can come up with is convenience of securing large contiguous tracts all at once.

Also, it  would seem to me that if a Landowner bordered a larger tract it may be incentive enough for the new Leaseholder (of the larger contiguous tract) to deal with the smaller Landowner.

In other words being at the right place at the right time.

My guess anyway.

Permalink Reply by Billy Park Whyde on August 9, 2012 at 9:14am

Try this $7,000/acre

Source http://www.shalegasinsiders.com/

In part

Licking	$4,000 Per acre
Monroe	$5,200 Per acre
Morgan	$3,800 Per acre
Muskingum	$4,000 Per acre
Noble	$5,000 Per acre
Perry	$2,400 Per acre
Richland	$2,000 Per acre
Stark	$2,800 Per acre
Trumbull	$3,900 per acre
Tuscarawas	$7,000 Per acre
Washington	$3,000 Per acre
Wayne	$2,000 Per acre

Mahoning new at $5,000 per acre

 

Permalink Reply by Joseph-Ohio on August 9, 2012 at 9:32am

Good info. and great job Billy Park Whyde !

Thanks much.

BTW I've heard rumors of BlackRidge in Southern Ashtabula County signing a number of landowners in what's called the Magyar Group (and perhaps others) for 4.0 and 4.25 k per lease acre and 18% royalty for five (5) years.  Some kind of escrow action involved in those deals also as  I understand the rumors.

Did you hear anything on that score ?

Hope everyone's getting paid in timely fashion - even after you lease you've that to worry about.

Best we can do is get the money up front at the handshake (or as much of it as we can).  That's what I'm looking for in a developer / land company anyway - won't do it any other way.

Permalink Reply by JB on August 14, 2012 at 8:07pm

I was informed that Mahoning just got $5,100/acre yesterday through Buckeye.