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

Permalink Reply by Landowner on October 10, 2012 at 1:50pm
Nothing in Champion. I did hear that neighbors around the corner were approached my BP. They each have about 1 acre. I guess that is positive. They must really want this area I guess. (I hope)
Permalink Reply by tomvargo706 on October 10, 2012 at 2:00pm

nothing here either

Permalink Reply by Samuel J. Orr on October 10, 2012 at 2:53pm

Question to Fang:

Do you think BP will pay everyone in Ohio or will they try to Cherry pick like Halcon did, or is trying to do, in Mercer County Pa.? Is the language in the BP "leases" the same or similar to Halcon "leases" with the "so-called" due diligence clauses being worded in such a way as to make what might otherwise be a lease, to be a mere non-binding letter of intent, an option to lease, or a provisional lease, which could allow BP to walk away from particular properties for any reason or no reason?

Permalink Reply by tomvargo706 on October 12, 2012 at 12:37pm

Anyone get paid this week?

Permalink Reply by Landowner on October 12, 2012 at 1:35pm
Nothing in Champion but the day is not over. Waiting a little less patiently.
Permalink Reply by C E Hartman on October 12, 2012 at 8:52pm

nothing in farmdale

Permalink Reply by Landowner on October 13, 2012 at 10:05am
Does Fed Ex deliver on Saturday?
Permalink Reply by learning on October 13, 2012 at 10:09am

yes

 

Permalink Reply by Landowner on October 13, 2012 at 3:33pm
Talked to a friend down the road, nothing. We signed the same day. Only 18 days left until the deadline.
Permalink Reply by Landowner on October 15, 2012 at 2:30pm
Called BP today for any information. We will have various days in the next two weeks that we will be out of town. I read somewhere in the Trumbull County group discussion that Fed Ex made the person signing show ID-it had to be the person who was receiving the package. That is the only time I heard anything like that. Of course the lady at BP doesn't know anything. She suggested that it was Fed Ex's call but you have to pay extra to have a restricted delivery and BP is not doing that.
She gave me a ticket number and said someone would try to get back to me. It also worried me at first that she could find my husband's name but not mine. I will keep you posted.
Permalink Reply by Debby Melvin on October 15, 2012 at 4:00pm

I received my defect letter on Oct. 1.  The FedEx guy didn't ask for any kind of ID, but I've heard that some people have had to show it to receive their envelope.  I did have to sign for it.

Permalink Reply by Landowner on October 15, 2012 at 8:40pm
Thanks Debby. How is it going with clearing up your defect letter?

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