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 David Standley on August 4, 2012 at 2:20pm

Some other folks I know have just recieved their checks.  They told me that Fedex is requiring that the envelope be signed for,  because the amounts are larger now for the larger acreage.  Mine was just left in my door, but I only have 5 acres.

Permalink Reply by C Middleton on August 4, 2012 at 7:39pm

Update: my friend who got the check this week was part of the second signing group- the one in May that signed after the letter asking for additional acreage in the buy zone. He also had to sign for the Fed Ex. I hope there are more next week...

Permalink Reply by tomvargo706 on August 4, 2012 at 9:26pm

How many acres did he have, because im part of the second group.

Also BP must be going by small parcels up. 

Thanks, for that update Middleton

Permalink Reply by tomvargo706 on August 5, 2012 at 10:13pm

Here's a interesting read about drilling and BP's current quarterly loss.

http://www.tribtoday.com/page/content.detail/id/574798/BP--Loss-won...

Permalink Reply by Jnic on August 6, 2012 at 11:34pm

I have spoken to several people in the last couple of days that have recieved their bonuses, from a low of 44k to a high of 285k, all in the Fowler, Hartford area : )

Permalink Reply by C E Hartman on August 7, 2012 at 7:32pm

Has anyone received a letter from BP stating that your lease had been recorded?  My husband and I have ,it also included a copy of the last 4 pages of the lease, the ones with the signatures, they were stamped from the recorder. This was back in June and  we are still waiting for our check.   We are in the Kinsman( Farmdale) area.

Permalink Reply by Ryan on August 7, 2012 at 7:41pm

I also received that letter,  I have not received my check yet.

Permalink Reply by C E Hartman on August 7, 2012 at 8:05pm

I wonder what is taking them so long.  You would think that once it recorded, you would get the check soon after.  I know people in the first group that hasn't received the letter or check.  I'm in the second group.  Still wondering...lol

Permalink Reply by tomvargo706 on August 7, 2012 at 8:19pm

I dont know whats taking so long, but im getting impatient..lol

Saw that Fedex truck stop in front of my house today then he moved on.  I was excited for about 30 seconds. Oh well

Permalink Reply by Ryan on August 7, 2012 at 8:53pm

I'm in the first group

Permalink Reply by C Middleton on August 7, 2012 at 9:26pm

My lease was recorded less than a week after signing- I checked the county website. I guess BP is doing it differently. Someone on here said a while back it didn't mean anything.

Permalink Reply by tomvargo706 on August 7, 2012 at 9:41pm

Maybe they are paying by area? They also said they had multiple companies working on title searches so maybe it all depends on what company got done faster?

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