Mineral Owner Survey

Today, many of us fall into one of three mineral ownership phases: leased, unleased, or leased & receiving royalties. 
 
Each of these phases bring their own set of challenges. Many mineral owners are still sorting out the details of a leasing contract. While many of you are sorting out the issues involved when receiving royalties. As website publisher, I want to be sure we are hitting the vital things and developing helpful platforms that meet you where you are and where you will be.   
 
The last survey we did, roughly one year ago, focused on the utilization of the websites . This year we are focusing on the Mineral Owner with our "State of the Mineral Owner" survey.
  
With this survey, we want to ask, "How are you doing?" What are your challenges? What are the benefits? The bottom line is that we want to hear from you and gauge the "State of the Mineral Owner." Begin the survey

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Permalink Reply by Joseph-Ohio on October 2, 2013 at 12:49am
Thanks for the opportunity to voice our position and preferences Keith.
We took the survey identifying ourselves as un-leased landowners interested in a lease agreement that would provide us good income, protect our land and provide a fair and ethical O & G partner and honored leasehold agreement.
We picked Marathon as an outfit we thought could fill the bill so to speak.
We would like to know how like minded others who read and post are.
Permalink Reply by Keith Mauck (Site Publisher) on October 2, 2013 at 1:43am

Thanks for taking it! I believe we can learn some important things from this.

Permalink Reply by James Foster on October 2, 2013 at 11:11am

http://www.marathonoil.com/  Check out Marathon Oil website.  Headquartered in Texas  I do not believe they have any activity in Ohio or Pennsylvania or WVa at this time.

Will they be a player in the Utica Oil play?  Perhaps but seems at this time this oil is very difficult to get to the surface and until that problem is solved the oil window will probably not see much activity ... exploration and experimentation.

 

http://www.marathonpetroleum.com/Operations/Refining_and_Marketing/...  Marathon Petroleum headquartered in Findlay, OH ... they have a refinery located in Canton, Ohio the closest refinery to the Utica Shale play in Eastern Ohio.

 

Permalink Reply by Joseph-Ohio on October 2, 2013 at 11:59am
For instance, in southeast Ashtabula County there appears to be un-leased land in the Low GOR (Oil) window (based on some maps and data I've seen on these pages).

Also it's been written on these pages that there's not been enough test wells to discover exactly what can be found in way of natural gas and oil (where you can find volatile oil, wet gas, dry gas etc.).

Maybe a new player like Marathon will jump into the action.

I'd like that.
Permalink Reply by DONNA M SELLERS on October 2, 2013 at 9:27am

I took the survey but I have leased two properties. one just the mineral rights, don't own the land, in penn. the other I do own the land and leased mineral rights in wva. the survey didn't make room for two different places.

 

Permalink Reply by James Foster on October 2, 2013 at 10:57am

Like Donna we have two separate properties in different counties one that is in a drilling unit and one that is not leased yet.  I answered based on our property that is leased and in a drilling unit except for the question about how many acres you have.  I am sure many people have more than one property due to inheritance, owning of mineral rights on a property, owning a percent of many different parcels in a family farm.  Just a thought for next time to give us an opportunity to answer for different properties.  I think it would give a clearer picture of what is happening!  Thanks

Permalink Reply by Buddy on October 2, 2013 at 1:23pm

I agree, James Foster; this is how I had to answer also.  I would have liked an opportunity to express an answer to "What is your biggest concern."  Also our answers might be better understood if the locations of the properties were somehow identified.  However, thanks for doing this survey; I'm anxious to see answers.

Permalink Reply by Keith Mauck (Site Publisher) on October 3, 2013 at 5:15am

Not really Chip, perhaps a tad. Summers are typically down and then it takes a awhile to regain folks who were tuned out from summer schedules.

Permalink Reply by Samuel J. Orr on October 8, 2013 at 4:01am

Chip: It seems to me that traffic on the website correlates with the amount of leasing activity. It seems to me that every year leasing slows down by Sept 1 or at latest October 1. I believe the slowdown in leasing activity in the latter part of the year may be because companies have exhausted their leasing budgets. You have posted that companies have leased all the land they can drill in the forseeable future. To the extent that this is true, it also explains why there is little leasing going on at present. Market forces also play a role because increased demand raises prices and makes more marginal lands profitable to lease and drill. For a multitude of reasons, leasing seems at present to have slowed to a crawl. When there is little leasing, I believe the website traffic will suffer diminished  activity as well. Unfortunately, things right now seem to be "deader than a dead cat" !

Permalink Reply by Samuel J. Orr on October 8, 2013 at 5:18am

You know there is not much going on, when you start pining for Frank Dux and GG !!

Permalink Reply by Donald on October 8, 2013 at 2:01pm

HEY, I liked Frank I think he added a lot to the web site. hope he didn't go to the big Chinese restaurant in the sky.

Permalink Reply by Nancy LeNau on October 2, 2013 at 2:28pm

Great Idea !   More information is always needed !  Thanks, Keith

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