East Ohio Oil and Gas LLC

I’m bringing this topic over from the shaleforum. Does anyone know the intentions of these guys? As of yesterday they have leased over 10,000 acres(April 2017- present) in Knox county. Some info from shaleforum members include: they are paying $100/acre for all strata and East Ohio Oil and Gas is a shell company for Western Land Services. Any other information is appreciated.

http://www.recorder.co.knox.oh.us/

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Permalink Reply by Bluejack Farms on December 21, 2017 at 11:32pm

Thanks Bluflame. It’s kinda looking like Devon was not committed to the Utica as previously speculated on this forum. I guess they did accomplish one thing...... in 2012 every land owner in the oil window had dreams of signing up their acreage for $3000- $3500/ acre and now in 2017 landowners are rushing in to sign their acreage away for $100/acre. I suppose this is all part of the game. 

Permalink Reply by James Vanderink on December 24, 2017 at 4:05pm

Don’t count out a horizontal Clinton campaign from Cabot. There have been some real nice oil producers east of Fredericktown lately. 

Permalink Reply by Butchc on December 25, 2017 at 1:05am

In my opinion you have it right.  Anyone here remember or attend the big land owners group meeting that was held at the hotel in Mt Vernon about the time they were drilling the well down by Utica? What a circus that was, LOL. I attended for entertainment purposes only as I personally know one of the "highly concerned for our welfare" individuals who instigated it and I would not trust him any further than I could throw him. Turns out I was right as he and his other cohorts had cut themselves in for a few hun per acre from anyone foolish enough to sign them up as our agents. Hey,, all of us were going  to get rich!!! A few hun per acre for them was a pittance lol.  

If my land was in the center of the current scheme instead of on the fringe I would be sitting on my hands waiting to see what happens, that's for certain. A reasonable take on all of this is the speculators waited on the frenzy to cool off. 

Permalink Reply by Bluejack Farms on December 26, 2017 at 4:18am

Maybe it’s nothing but these guys opened up an old deep well a couple years ago and frac’ed 26 feet of the Point Pleasant and got oil and gas. I thought it might be significant since the well was in Pike Twsp and the heart of where EOOG has been leasing. To my understanding the PP wouldn’t produce from a vertical well. Oh well just food for thought on this cold day.

Permalink Reply by James Vanderink on December 27, 2017 at 8:19am

Well until proven different let’s assume Cabot is looking for  some type of “shale”.

Permalink Reply by Bluejack Farms on December 28, 2017 at 3:26am

Unfreakin believable. Utica shale?

Permalink Reply by Tusc-county-man on December 28, 2017 at 6:51am

i still say the Utica/PP oil window is still going to be profitable and developed.....just need to sit tight and wait.

Permalink Reply by James Vanderink on December 28, 2017 at 8:58am

Yep if you get let’s say 100,000 acres at $100/acre and get the deep rights to Pavonia, Lucas and Weaver Storage dirt cheap or JV and possibly buy out a couple struggling operators( Knox Energy/ Bi-Joe Development) you got a 1/2-1 million contiguous acres. That’s a huge step to being economical compared to paying big bucks to the east. The Utica is < 4000’ also so that is cheaper drilling and obviously the infrastructure for gas is there. 

Permalink Reply by Gary Castellini on December 29, 2017 at 10:43am

I think I read somewhere Chesapeake was paying like $10-$15/ acre for Carroll and Harrison County back in 2008-2009. I guess $100/acre is a good place to start. Maybe some speculators will drive the signing bonus up soon. I’m sure the word is getting out just because Cabot was so successful in Susquehanna County Pa. They seem to like to go where knowone  else is and make it work. I was just reading their history there. Pretty incredible.

Permalink Reply by James Vanderink on December 29, 2017 at 12:45pm

Totally missed this. Any guesses for the shale layer below the Utica/PP?????

Permalink Reply by Bluejack Farms on December 30, 2017 at 8:30am

Below the Utica is the Point Pleasant. Other than that just guessing Trempeleau or Roserun????

Permalink Reply by James Vanderink on January 3, 2018 at 2:23am

Maybe 2018 will be the year of exploration. Hilcorp throwing some bucks at NW Ohio.

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