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Permalink Reply by Billy Park Whyde on August 18, 2012 at 1:11am

That is a very ify question. I do not believe at the present time that the drilling activity would make it a issue unless of course the O&G really desired the lease. With as much land as thee is to drill on they can simply dill else where and hope to come back to a area . Supply and demand will answer that question in the future. My bet is that if you are not leased, Oil and Wet Gas prices remain fairly high with a good stable market, that hold outs will be of way higher value. 

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Permalink Reply by jonathan M. on August 18, 2012 at 5:38am

It's my belief it could go either way. I'm sure anyone that decided to "hold out" in the Ashland/medina areas are regretting their decision at this point. On the other hand if Washington county proves to be productive then holding out would make sense. Guess it depends on your personal situation. Do what makes sense for your family.

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Permalink Reply by Feenzis on August 20, 2012 at 6:59am

This is an example from Pennsylvania - a good friend of ours has only 2.5 acres in Washington County, in Hickory township, which was one of the first areas to be drilled.  It is very convenient to the MarkWest processing plant, a real hot bed of activity.  He held out.  They simply said "buh bye".  All of his neighbors are getting royalties and he gets nothing.  He regrets his decision.  I'd say it depends a lot on how many acres you have, since it is so easy for them to divert around small parcels.  Big parcels - not so easy.

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