I agree with you for the most part. However, is $4250.00 per acre a good amount or is $5000.00 a good amount? I don't really know. Most of do not at this point.
Most of us folks in Northern Ashtabula County are just learning about UTICA shale and I, for one, being a novice have to read and ask what is right or wrong. Attorney's will tell you one price/lease and a land owner group will not tell you anything until an offer is on the table, Sound confusing...?
Big business operates this way so I can understand why no numbers come from a land owner group until its offered.
Being a simple land owner like most of us are you tend to put your trust in a good attorney or landowner group (ie, ALOV)_. Who is right..and who is wrong? Read what you can..ask a million questions..talk to REAL knowledgable people..then decide.
I am open to all valid comments and feedback on northern Ashtabula county leasing.
My Amish neighbors don't read so they signed with Wishgard . Again...read and talk to folks who are familiar with O&G in Ashtabula County.
Bill..... Where is your property located? How many acres do you have?
My experience with this play is that all who cast their lot with landgroups are fools. This statement will come to past a few years from hence, it has already been proven in Columbiana.
You cast a wide net with that statement, who are you to define what is right for a individual?
"Any fool can criticize, condemn and complain and most fools do"
Well, by me being a fool, I netted a six-figure payday in Trumbull County. This fool was just wise enough to follow ALOV's advice and get my title cleaned up before the BP lease signing. I for one am very grateful for all ALOV has done for me and my neighbors. If some hold-out in the future gets $10,000 per acre, I will congratulate them without any regrets.
Ron, I would agree with your statement only in regard to joining a landowner group with inexperienced leadership who makes hasty, ill-informed decisions. Bob Rea has proven to be disciplined and saavy... he has earned the respect of the big boys. I expect his success to be replicated Ashtabula in due time.
Yes, friends we shall remain. I do think we were well served in Trumbull... but I'm happy to acknowledge your differing opinion. Thanks.
Standing by - reading - listening - asking questions myself.
If someone will actually pay you $4,250/acre for land in Ashtabula you're crazy not to take it.
We signed in June with Beland and received a HUGE amount of money for our signing bonus for 19 acres..They paid exactly what they told us and our money showed up exactly 90 days later...Happy!
Good for you and your family. Get what you can and enjoy it.