Replies to This Discussion

Permalink Reply by John M Digity on August 9, 2012 at 5:16pm

Hey Martin,

I wouldn't worry yet. I have 263 acres in Southern Jefferson and although have little interest now am still confident of a good lease.  Some factors are chesapeakes situation, low nat gas price, little transportation infrastructure, and just a smattering of data from drilled wells. Chesa has permitted a well just north of us, so maybe it will shed some light on jeff co as a whole.  Unfortunately they are the major lease holders in our area. I know hess oil has a little ground leased close to me but they like everyone else are not interested right now. My gut tells me these are going to be very good wells in this area so we'll have to be patient.  I think regardless of what is said we are still very early in this. Hope this helps a little.

Mike D

Permalink Reply by CAM on August 11, 2012 at 6:09pm

Martin:  my brothers own 100 acres right below Wal-Mart distribution center around Alikana (off 22) and recently leased thru Chesapeake.

Good luck!

Permalink Reply by martin on August 11, 2012 at 6:28pm

We are further south than that. We very close to the Belmont Co border. May I ask how much his signing bonus was and when he signed?

Permalink Reply by CAM on August 11, 2012 at 6:47pm

Signing bonus was approx. $5,000/acre, 17% royalties.  He signed 80 days ago w/bonus due at 90 days - due 8/28/12.  I have acres in Ross Township and signed in 10/2011.  Unit in place in Jefferson County; several wells being fracked now.  I'm assuming our unit in Ross will be the next one to show what's down there...! DeNoon well is coming in at a close second.

Permalink Reply by martin on August 11, 2012 at 7:04pm

Does anyone know of a pad being built above Buckeye Local High School?

Permalink Reply by John M Digity on August 12, 2012 at 4:16pm

Martin: evidently our land must be pretty close. I am in Warren townhship sections 28 and 29.

Permalink Reply by martin on August 12, 2012 at 4:24pm

We may be very close, has global approched you about seismic testing? We really don't want to until we have a lease.

Permalink Reply by John M Digity on August 14, 2012 at 6:49am

Martin,

Yes they did a couple of months ago. They wanted to do 50 acres so I signed to let them do it. Talked with them a few days ago and they said it was going to be about three months before they got to Jeff Co. They are starting just west of Holloway and coming east. The reason I signed was that I figured they weren't going to all that trouble if they didn't have some interest from someone or someones to purchase the results.  Also with all the talk of the wet gas being further west I want them to find out because I'm sure it's wet. Also I'm approx 7 miles south and 2 miles west of the zimnox well.

Permalink Reply by John M Digity on November 7, 2012 at 5:26pm

Hey Martin,

Wondered if you had ever leased your ground in Jeff Co yet

Permalink Reply by martin on November 7, 2012 at 8:18pm

No we have not, have you leased yours yet? There is still no interest from any companies at this time.

Permalink Reply by John M Digity on November 8, 2012 at 6:15am

No we haven't leased yet but there is a company that is leasing the Smith-Goshen group that may be interested if there was a drilling unit that could be put together. Not sure how much available land there is but may try and look into it.

Permalink Reply by martin on November 8, 2012 at 6:48am

Let me know I know another guy with a 100 that has not leased.

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