Three wells sold in the land of "goat pasture". Halcon now owns the Buckeye in Hartford, and Two others that sold belong to ?? Only sure of the Buckeye as I drove by there today. Lennington and Zerovitch perhaps? Anyone know for sure and who now owns them? Quite interesting considering all the negativity there has been about the north for a long time. Snort - care to add some input? Anyone?
more news on the bp morrison well. bp gave the landowner the drill pad so bp did not have to reclaim the pad, gave the landowner 100,000 so they did not have to reclaim it. bp is gone they will not resign the lease's. i have asked them to release my property and they told me they will just leave the lease run its course, they are not spending one dollar in ohio. they are gone and will not be back. they have oil in deep south and the oil is in the country and they have no fracking problems. the people bitched and the oil companies gave up on this area because of the negative attitude of the public. halcon left and said they will not drill here because of the people and government problems, they will not rebuild our roads. they said it is not worth the expence, the wells are not that good to spend 10 million dollars to drill.
i am glad they are gone, all i seen was my taxes to go up from politians. stay out bp and halcon we do not need you. the oil companies are rapists of the land and land owners pockets, people went nuts thinking they would be oil barrens and the politicals wanted all the money, lol that is why big oil left. greed gets you no where.
i am glad the moron politicals chased the oil rapists out of ohio. you can read how the oil rapists have screwed land owners. ohio politians are to stupid on oil, there needs to be more laws to protect the land owner before any more oil companies come into ohio.
each zone in the ground should be separate. no one should have total control of all minerals. when the government thinks of the land owners and making money from oil drillers, and make the laws to control them, then let them come back to ohio.
the west has more oil than all the world and obama and the government owns it all. that is where most the money comes from for the government to spend there trillions of dollars.
so law makers do your job and make sure the land owners of ohio and other states are safe from oil rapers.
Thanks for the update Ray. Not surprised at all. Just enjoy your land for what it's worth. Try to remember why you originally bought it. I doubt anyone here was clairvoyant enough to have bought it to get rich from O/G.
Does not make any sense. Unless BP is trying to punish the people they see as hindering their development of the Utica, why not release the people from their leases if they are not going to do anything else??? Granted it is their right to hold on to the leases, but again I ask, to what end??
Then I ask, what company would spend additional money on (buy) leases that they are going to owe signing bonuses on right away and that have the term reduced to 3 years? Would not seem like a good investment to me.....