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 Dave on
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I hope I don't need to use the information below, I'll know tomorrow. Either way if you've received a notice of title defect, these two links are worth looking into. Something every landowner and lawyer needs to know.
Ohio revised code (dormant mineral rights act) 5301.56
http://codes.ohio.gov/orc/5301.56
Ohio State Univ. Summary of Ohio Dormant Mineral Rights Act.
http://aede.osu.edu/sites/drupal-aede.web/files/Dormant%20Minerals%...
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Permalink Reply by Rebecca Blair on
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Tracy - I'm not sure what part you disagree with but my facts are this. The most recent lease was in 1980...actually not that long ago, although I was only a year old...but in true time, this is not such a long time. The rightful owners of the well are both deceased and I just need to get my info transfered to the well company that is holding our well rights. The worst thing about landowners is that initially we think we own it all, when in reality (and a lot of research on my part) we find out there is verticle land ownership and horizontal land ownership. Unfortunately most of us only own the verticle land and NOT horizontal. I'm bumbed I didn't research my title better at signing. It is now obvious to me that I missed an important part. But, here's another obvious thought: I am a landowner, not in the gas or oil business. I raise horses on the surface and do well at it. I have a beautiful home and a creek that we enjoy. I have a great job and so does my husband.
I'm stating all of this because, yes, the $ would have been nice, but I'm happy that (in my situation) I'm able to enjoy my life as we do. Of course that money would have helped...I was building an indoor arena with it :( Oh well, I'll keep saving.
I'm happy for you and all the people that are banking the money:)
ENJOY!
Becki
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Permalink Reply by Tracy on
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Rebecca, I disagreed with the person who posted about knowing who owns the mineral rights before you decide to lease. I was ready to go back to the issuer of the title guarantee because our deed clearly stated that the coal COULD (Not did) belong to someone else. However, the oil/gas mineral rights were ours. Matter of fact, the previous owner had leased out the land once, and we had leased our land to Vista in 2006 for $10 an acre for three years, but no drilling has ever been done. We never found out about this heir until the recent sweep of leasing occurred. So, twice before, this same land had been leased but this should of never happened had they gone back to the 1800's. I'm really happy that Pennsylvania enacted this new law because it would have been a nightmare to try and go back that far and find a relative to the heir to sign off of the land. I would hope that Ohio has a similar law. I hope that your property becomes free and clear. I think this is only fair because you should have been told about it when you purchased the property.
Jesse, -I'm sorry I don't have a citation because my neighbor's attorney took care of the matter, but I know it was recent.
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Permalink Reply by Kathleen on
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I wonder in our happiness to sign for our new properties we don't read everything we are given that day. Clearly this title co did not find a lease since one was not assigned on this parcel. The lease was to the owner of the minerals. But somewhere in the paper work, mixed in all those pages it might say, mineral rights do not transfer.
Ours says "all minerals transfer" it but it's not anywhere near the first line of the massive paperwork given.
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Permalink Reply by Rebecca Blair on
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Thank you Dave...this may still be of help to me in other ways:) Becki
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Permalink Reply by J T on
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I got mine and several others I know. Good luck everybody, Thank You BP!!!and ALOV!
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Permalink Reply by Green Acres on
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Good news in Johnston. Thanks to everyone for the excellent posts and to ALOV. I will continue visiting here for updates....
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Permalink Reply by C Middleton on
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The ice cream truck FINALLY came today!!!!! :) (Mecca)
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