Enervest

Any information about what this company is doing in Crawford and southern Erie Counties?

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Permalink Reply by Joseph-Ohio on September 8, 2014 at 2:58pm

Hopefully acquiring / leasing / drilling / developing but don't know for sure.

Keep us posted dude.

We're just across the Penn / Oh line and wishing all of you and ourselves the best of luck.

Permalink Reply by Mark on September 8, 2014 at 6:49pm
Are lease with Enervest on our property in Beaver township expired in March of this year and haven't heard from anyone about renewing it.
Permalink Reply by james on September 8, 2014 at 7:53pm
Mark, what kind of money did this company pay for your lease? Bonus? Royalty percentage? Thanks.
Permalink Reply by Mark on September 8, 2014 at 8:05pm
James I don't know what the original lease paid. We have only owned the property for about a year. The original lease had been transferred 3-4 times according to the records with Enervest being the last one to have it.
Permalink Reply by james on September 8, 2014 at 8:10pm
Ok, just wondered because I own 64 acres in Crawford county and wondered what kind of mony to expect if they called me, thanks.
Permalink Reply by Greg K on September 9, 2014 at 3:36pm

We got 50 per acre last time, exclusive of the Utica...they are looking again. Heard a rumor of $200 an acre    These guys ONLY want the Beekmantown by the way.

Permalink Reply by David Dowler on September 9, 2014 at 7:17pm

Who are "these guys"?

Permalink Reply by Joseph-Ohio on September 9, 2014 at 7:39pm

They're big lessees in northeast Ohio.

Out of West Virginia.

Good to see them getting busy.

They're big on leasing low and selling (or Joint Venturing) high from what I've read / heard about them - just like all of the rest of them - lol.

Are they in JV with anybody in PA ?

Permalink Reply by JohnL on September 9, 2014 at 10:04pm
JO -check out the Mercer County PA recorders website (sign in as a guest) On 9-5-14 there was a deal recorded between Hilcorp and Enervest. Don't know the details
https://recorder.mcc.co.mercer.pa.us/User/Login.aspx
Permalink Reply by Joseph-Ohio on September 9, 2014 at 7:56pm

Reads like the lands being developed are held by old tailgate class leases - pre-Marcellus / pre-Utica.

Am I reading correctly ?

Permalink Reply by Lonnie Ray McFall on September 9, 2014 at 9:45pm

 I have about 4 acres in Mercer and Lawrence Counties that was divided from my grandfathers farm that had an1990 existing lease with Atwood energy and has traded numberous times, and is currently held by Enervest.

Western land  services has finally contacted us about ratifing the existing lease. This comes from an joint venture between Enervest and Hilcorp.

Sad thing is that they prep the site in June and have been drilling next door since then.

Western Land services says we neen to sign at the old lease rate at 12.5 %of royalties(no sign on bonus), when most of the property owners around here got about $3000.00 sign up and will get about 17% royalties. They say If we dont sign they will go around us, but cant control where the gas and oil will come from once the fracking is complete.

We all know DEP can't keep track of the surface issues let alone what happens 8-9000 ft below us.

what other choses do we have?

015334grltd9mPermalink Reply by 015334grltd9m on September 9, 2014 at 9:56pm
Get a lawyer.

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