Replies to This Discussion

Permalink Reply by Greg Hamilton on February 28, 2013 at 11:33am

What township are you in?

Permalink Reply by D Thomas on February 28, 2013 at 4:15pm

Pease Township here.. 90 acres.. the so called royalty group in Bellaire wants to SELL our Mineral Rights to Blackstone for $10,000 per acre.. but I intend to lease.

Of course they'll make more at 5% of 10g's selling than 5% of 5 or 6g's Leasing.. so do you really think they'll try to even Find us a Lease? ...No Way at that much profit!

Problem is.. most of the people around here will probably sell out.

I have a friend who has 22 acres in West Virginia.. his check came today.. $7800. and that's just for 2 weeks time on 22 acres.. amazing isn't it!

Rice Energy.. yea, nice contract.. missed the Smith-Goshen signing.. or I'd a been set for a while.

They like to make 10g per acre sound like a lot but in reality it's nothing compared to royalties if and when they get you included in a Unit!

Permalink Reply by Belmontlandowner on March 5, 2013 at 8:57am

Permalink Reply by Finnbear on February 28, 2013 at 3:54pm

Call Rice Energy. They have a leasing office in St Clairsville at 252 W. Main Street. They recently signed a large landowner group in Belmont and were looking to add acreage around what they already signed.

Permalink Reply by D Thomas on February 28, 2013 at 4:16pm

Talked to Rice Energy.. and their funds are tapped for now.. or so they say.

If I had acreage further West.. it would be a different story no doubt.

Rice Energy.. yea, nice contract.. missed the Smith-Goshen signing.. or I'd a been set for a while.

Permalink Reply by Graham on March 6, 2013 at 10:34am

Sit tight. XTO or Hess will call.

Permalink Reply by Finnbear on March 17, 2013 at 4:33pm

D Thomas,

The obvious question is, "Who has leased your neighbor's properties there in Pease twp?".

Permalink Reply by J McKim on March 7, 2013 at 5:38am

I also have approximately 300 acres of unleased acreage in Pease Twp, Belmont County, Ohio.  We are looking for a gas company to sign with too.  Do not want to sell the mineral rights!

Permalink Reply by D Thomas on March 7, 2013 at 6:08am

Hello J McKim

If you'd like to join with us in a small group of landowners.. this makes things easier when approaching oil companies to LEASE.. I won't sell.. but I'm willing to Lease if the contract is right.

Is there an email where we can discuss the locations of our properties?

I have 90 acres and my neighbors aren't all leased yet.

Closer we get to forming a unit of 500 acres the better it will be for leasing.

Permalink Reply by J McKim on March 7, 2013 at 6:16am

We would be interested in forming a group.  I can tell you that most of the property in our area has been leased by XTO, Hess & Chesapeake.  We had a five year lease with Range that was bought by Chesapeake.  However, when our lease expired in 2012, Chesapeake did not have the resources to sign us & therefore, released our lease. 

Permalink Reply by D Thomas on March 7, 2013 at 7:21am

The XTO and Chesapeake leases weren't as good as the Smith-Goshen Group Lease.

These companies may want to lease later in the year.

Better for them to lease.. instead of paying it all out in taxes and gains.

If anyone cares to form a landowner's group.. add me as a friend.. then send me an email and we can exchange info. I am located in Belmont County.. Pease Twp.

Permalink Reply by D Thomas on March 7, 2013 at 12:21pm

Appears the Ohio Valley Royalties Group isn't doing so well.. guess there aren't as many desperate and poor as they imagined.. least not enough to complete the "SELL OUT" of your Mineral Rights.. forever and ever and ever.. 

Funny.. cause I received two phone call messages from them.. explaining: "they're just sooo busy due to the large volume.. they're postponing the letter of intent" 

lol yea right.. we Believe Ya!

Glad to see there aren't as many dumb and desperate people as THEY imagined!

Lured me in with the impression it was a non-surface lease.. come to find out it's a total buy-out with full surface rights! There's a world of difference between the two!

Lease.. Lease.. Lease.. Do Not Sell Mineral Rights.. make them "pay you and your kids" for the next 30 years. My friend receives over $20,000 gross from a mere 22 acres in a 504 acre Unit.. with a meager 2.5 million cubic feet per day!

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