Belmont County Activity

Recently this group has a bunch of new members but still has very little activity. How about ALL members sharing what they know is happening in Belmont County. Have you or any of your neighbors signed a lease? Have you or your neighbors been approached with any lease offers? Do you know of any landowner groups in Belmont County? What issues have you had to deal with in this process? Is anyone looking a pipeline right-of-way leases? What terms do you want in your lease when you do finally sign and why? The more information we share here with each other, the better prepared we will all be when we do sign leases and cash in on the mineral wealth under our lands in Belmont County.
Finnbear

PS - I am participating in the Smith-Goshen Landowners group, a landowner based, non-profit group. See http://hcolg.org/HowItWorks.html for an explanation of what a landowner non-profit is and how it works.

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Replies to This Discussion

Permalink Reply by tillacat on October 25, 2011 at 9:11pm
A friend told me today that Shell will be in Cambridge, Ohio all this week signing leases with landowners.  The only thing you need is a copy of your deed and your ID and they are signing people for $5,000 bonus and 3% royalties on the spot.  I think this is just for Guernsey County but my husband said that Exxon is doing the same thing in Belmont County.  I don't know how to find out when / where??? I agree the royalty % sucks, but maybe with so much acreage, the group could negotiate higher? - Theresa
Permalink Reply by Mickgyver on October 25, 2011 at 9:41pm

Hello Theresa , It was shell my friend was signing with through some outfit named SWEPI . I was told that  shells leasing arm . But it was for 20% .

I was sure glad he was able to get the higher amount signed for when chesapeake backed out on him .

Yes xto is exxon and they are at $4950 and 19% because the last group from the colrein area got that amount .

Now DPS PENN who leases strictly for Chesapeke is paying $5000 and 20% just a little more to try to sign the leases also . We wont see the price go up again until another group is able to get the price up a little more and then it will keep inching upwards a little at a time .

As long as you get a good lease addendum list and a fair royalty that is what counts . The next worry is to hope you are in an area where the oil liquids pool in under your property enough to get you put into a drilling unit . I hope it helps a lot of people . Best wishes   Mick

Permalink Reply by tillacat on January 20, 2012 at 11:45pm

Have there been many email updates sent out?  I have only received 2 since joining the group.  I wasn't sure if I just haven't been receiving them or if there just weren't many sent.  - Theresa

Permalink Reply by Finnbear on January 22, 2012 at 2:48pm

Which group are you asking about?

Permalink Reply by tillacat on January 24, 2012 at 10:34pm

the smith-goshen group

 

Permalink Reply by Finnbear on January 24, 2012 at 10:37pm

You should contact Larry Cain. Group updates have gone out weekly (and more) recently.

Permalink Reply by tillacat on February 5, 2012 at 10:45am

I have emailed him twice now but am still not receiving the updates.  Do you know if he is out of town?

Permalink Reply by James M Stephens on February 2, 2012 at 5:00pm

My partners and I have a lease with Gulfport, in Belmont County. We were recently told that there where no plans to do any drilling in Belmont county due to the actions of Murray Coal. We have also heard that Murray Coal may have two permits to drill wells on their own property. Anyone else hear anything about this? Thanks!

Permalink Reply by Finnbear on February 2, 2012 at 5:43pm
Did Gulfport tell you that?
Do you think Gulfport is going to just walk away from the tens of millions of dollars they invested in leasing in Belmont county?
Permalink Reply by time will tell on February 2, 2012 at 6:16pm

Gulf Port is for sale so I was told , not sure why .

Permalink Reply by SA Frank on February 2, 2012 at 6:24pm

When did you hear this?  That is contrary to the plans that I have heard. 

Permalink Reply by James M Stephens on February 3, 2012 at 9:41am

We heard this from our landman (broker). Believe me I am not happy about this at all. That was going to be my retirement. I am trying to get thru to Gulfport.

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