Replies to This Discussion

Permalink Reply by GRACIE MAE on April 17, 2013 at 6:40am

LOL....How condescending is that? .....I can read maps but of course I don't know how smart the person was that made it (or possibly what their agenda is), do I?

Permalink Reply by 0i7okn54zwbdo on April 17, 2013 at 6:50am

It wasn't condescending in the least.  It was an honest question and further was not even meant for you. 

Permalink Reply by GRACIE MAE on April 17, 2013 at 7:08am

You're right, I shouldn't have said that........so, let me start over, what does the map say for northern Trumbull County? Please.

Permalink Reply by 0i7okn54zwbdo on April 17, 2013 at 8:13am

That particular map says one thing: high amount of hydrocarbons within the samples.  There's a problem, though.  How many samples on that map are from Trumbull County?  I'll save you the trouble of going back a page and looking.  It's one.  One sample.  Same with the TOC map that is available from the state.  One sample tells me precisely nothing.  Ten samples wouldn't tell me all that much.  One well wouldn't tell us much, let alone a sidewall cutting.  The majority of the map in Trumbull and Mahoning counties is simply inferred based on some educated guesses.  But these state-issued maps make people like you feel better and give you what may end up being very false hope.  I object to that as both a taxpayer and an industry professional.    I deal in facts and science and when I see neither of them are being adequately used I make my best effort to warn people of that.  You should have read the reaction by a number of prominent Ohio geologists when ODNR released their new, everybody-is-a-winner maps in early March.  It was chock full of contempt and even some flat out hate.  Seriously.  So instead of letting the state lead you into a direction that may or may not be right why don't we all practice some patience and wait for real, actual data to come to the market.  Until then I wouldn't do anything with my property.

Permalink Reply by GRACIE MAE on April 17, 2013 at 9:19am

Well, thank you for the info and it certainly won't be hard to do nothing with my property since, like I said, Nobody's interested in it now anyway.

Permalink Reply by MJ on April 17, 2013 at 5:32am

Gracie Mae,

The only way i would ever "sell" my mineral rights would be if I were elderly with no family and really needed the money.  $800/ acre is a kick in the rear!  Hang on if you can - good things are coming...

Permalink Reply by MJ on April 17, 2013 at 11:53am

I will say this:  I am not an industry proffesional and do not pretend to "know" anything, but consider this:  I live on state Rt 7 and have witnessed two different seismic studies done on this road two tears ago.  From what I understand, this service costs approximately $75,000/mile to have done.  Heresay is that when the O/G that had this done saw the results, they were skeptical of the results and said to "do it again".  Now I appreciate that there may be a lot of unknowns here, but there has been quite a bit of money invested here to be soley based on a "hunch".  Think about it folks.

Permalink Reply by 0i7okn54zwbdo on April 18, 2013 at 2:03am

Spending a few million dollars on seismic is an absolute drop in the bucket.  It's a rounding error to these companies.  When BP came in and signed all of those ALOV leases people were saying things like "They'd never spend that kind of money if they weren't sure that it would work" which is of course a really dumb thing to say.  The money spent by these companies does not matter until you see real, actual results.

Permalink Reply by Mark Allen on April 17, 2013 at 11:38pm

Looking 4 east Geauga,southern Ashtabula and all Trumbull lessors. We will be there soon. If a solid lease and 20%gross royalty interest u, please leave a comment. Lease language runs with the land, royalty comes monthly, as long as production is present. Bonus dollars are the icing on the cake. Three players have interest. The field has been identified we r now picking teams. R u entering the draft?

Permalink Reply by GRACIE MAE on April 18, 2013 at 1:59am

Of course I'm interested but I was interested last summer when Shale Investment got a lot of us here in West Farmington to sign w/Halcon.....tied us up for 6 mos and never even made a phone call to us to tell us Halcon pulled out, had to read it in the paper. Will this be different? I'm not going to sign again for a bunch of promises hinged on a six month wait with no results. But, I'm listening.

Permalink Reply by 0i7okn54zwbdo on April 18, 2013 at 2:04am

Your "players" are going to lose all of their money.  Good luck.

Permalink Reply by GRACIE MAE on April 18, 2013 at 2:10am

I was so hoping you would respond to Mark Allen's comments, Mr. Grayson, I've followed you for some time on this forum and want to hear from you and respectively ask your opinion.......who is this guy and what is he talking about? I feel like this is a riddle I can't follow. He states in the general discussion of this forum, that he has clients, etc, what is that all about?

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