Island Creek, Ohio

I am looking for someone who owns property in Island Creek, Ohio. We are receiving contradictory information.  Some sources say our property is worth very little and others say it potentially has great value. We are looking for someone who has experience in Island Creek relative to the value of property with potential for drilling. We would also appreciate recommendations for lawyers in the area who might work on our behalf. Thank you.

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Permalink Reply by Mark McGrail on July 3, 2013 at 10:07am

Kay,

The probable reason that you are getting conflicting opinions is the location of your property.

That part of Ohio is believed to be in the dry gas area. But it may not, some believe that the wet gas area extends into your area. Until there are wells drilled the true answer won't be known.

Most of the activity is now taking place west of you in the proven oil/wet gas areas.

Eventually your property will command more interest.

You shouldn't accept low ball lease offers just to have a lease.

Be patient, the good offers will come.

Permalink Reply by Kay Swatkowski on July 3, 2013 at 11:21am

Thank you, Mark. I appreciate the answer.  That gives us a more accurate understanding of what is going on. 

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