Mahoning Co. HBP Halcon lease amendment

I own some land that is HBP in Milton Twp, Mahoning Co, Ohio ... Halcon has contacted me directly yesterday to amend the old lease to increase the unit size to 1290 acres. I realize that that since this amendment is necessary, this may be good chance to modernize the lease. I am also aware of a landowners group in the area. Is there any benefit of joining a group? After reading many discussions on this website, I am not sure...Or is it better to talk to a lawyer individually?

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on March 14, 2013 at 7:06am

The benefit to joining a group is the warm and fuzzy feeling you get when you know that all of you got screwed rather than just you individually. 

Permalink Reply by Joseph-Ohio on March 14, 2013 at 7:52am

Marcus,

Setting the knowledge of getting screwed individually or as a group aside; how much time can an affected landowner save by going it alone or by joining a group ?

Is time differential a factor at all (assuming there is a difference and the affected landowner considers the difference valuable to he / she) ?

Is the whole lease amendment idea a ploy / tactic to buy more time to shuffle more paper ?

Is a drilling unit established ?

Who would have answers to such questions ?

Those are a few questions we would be asking ourselves (and anyone with answers) if we or our neighbors within our drilling unit were in that situation.

 

Permalink Reply by Fornax on March 14, 2013 at 8:11am

Joseph,

Those are all good questions. But who knows these answers?

Has any HBP landowner group been successful so far in re-negotiating higher royalties?

Obviously, if enough landowners in the proposed unit (65%)  just sign the amended the lease, the groups can be bypassed anyway due to forced pooling.

Permalink Reply by Joseph-Ohio on March 14, 2013 at 8:16am

I don't know who would provide answers to those questions.

I only know I'd be asking them to anyone who happened to be in my group, drilling unit or of the person or company asking to renegotiate.

Have to keep an eye on this one myself just in case / for future reference.

Permalink Reply by Joseph-Ohio on March 14, 2013 at 10:06am

Mr. Fang,

Kindly keep me in the loop on this one.

Thanks in advance.

J-O

Permalink Reply by bruce c on March 14, 2013 at 8:27am

You may want to talk with the Lordstown group they have over 6,000 acres in the group.

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015334grltd9mPermalink Reply by 015334grltd9m on March 14, 2013 at 2:19pm

Hello neighbor,

Get a good lawyer who understands the play.  We have experience with this almost a year ago with CHK/Total asking to sign (HBP) to enlarge the unit, we said NO.  It did not change anything, they are not drilling yet, but I would refer to "Fang's Agenda" for a very good explanation of unit sizes by Jack Straw.

My opinion, they mostly permit 200 acre units in the Utica, why the 1 sq. mile, maybe to dilute your acreage and  continue the HBP for generations.

Permalink Reply by Fornax on March 14, 2013 at 3:48pm

Thanks for all the advice.

I will be contacting a lawyer soon.

Permalink Reply by Jack on March 15, 2013 at 12:42pm
What part of Milton are you in? I'm also in Milton and am HBP with NCL wells.

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