Replies to This Discussion

Permalink Reply by Mark Curry on July 26, 2011 at 12:59pm

Teresa, I'd love to get a copy!  Our situation is there's 7 of us cousins that own the land ~150 acres..I'm in Maine...my bro in law is on the farm as is my mom..we are trying keep track of the "mysteries" of this and make good decisions.  We might want to get the Group (that met last week) to think together..so need a way to communicate.  Maybe if we shared emails..I don't know.  Working on this as we speak.

I'm very put off by being 'pressured' into a decision in 'five days' without the needed research...but if we don't all act together, and some sign, others don't..probably not as good as a group action.

My email address is sofreemac@gmail.com  If you don't mind, I'd love to see the lease.  I've already read one from Fossil, but that was five months ago..apparently they've changed!

Lets stay in touch!

Mark

Permalink Reply by Private KeepOut on July 26, 2011 at 2:42pm

I just sent you the lease....let me know what you think.

Teresa

Permalink Reply by Mark Curry on July 27, 2011 at 2:57am

Teresa, Thanks for sending the lease..got it at home! Will certainly keep you in the loop if anything breaks on the FCEC front!
I'm interested in the Eclipse comments, and the legal team KWGD..do u know anything about them? A good O & G legal person should review the lease and recommend modifications if needed...

Permalink Reply by Private KeepOut on July 26, 2011 at 11:32am

Yes, my neighbor said they needed something like 1400 acres all together and that eveyone in this area needed to be on board or no deal. There are 12 or 13 people in the group and I know one of them has well over 500 acres.

 

Permalink Reply by Christiane Marshall on July 26, 2011 at 9:01am

Sounds like some companies are approaching people in Noble County. Anyone in Enoch Township?

Permalink Reply by Private KeepOut on July 26, 2011 at 9:23am

I received a letter in the mail from Eclipse yesterday and from talking with my neighbor who attended this informal meeting with Fossil...he stated that more were coming  from Pa.

Permalink Reply by scott peterson on July 26, 2011 at 10:04am

Got one too.

Permalink Reply by sawtooth on July 26, 2011 at 11:15am

Yes were are near quaker city and we now have offers for anywhere from $2200-$2400 per acre with 15-16% royalties.  It all sounds very good just not sure if anyone will get paid.  I understand a few have already signed.

Permalink Reply by scott peterson on July 26, 2011 at 12:26pm

I think higher offers will come in the near future. Watch for a meeting coming in next 2 weeks or so with KWGD - Nathan Vaughn who is actively adding landowners to their group. Same with Virtual Energy Teams - Randy Hunt

Permalink Reply by Private KeepOut on July 26, 2011 at 3:03pm

Scott,

Do you know if these firms will negotiate with the small parcel land owners or are they only interested in signing up the larger ones.

 

 

Permalink Reply by scott peterson on July 26, 2011 at 3:17pm

Both are interested in taking as many acres big & small as possible. I checked a reference on KGHB that had a landowner group in Carrol Cty that a lease deal was successfully negotiated with Chesapeake Oil in Sept of last year. The guy said they put as much effort & emphasis on the small landowner as they did the large ones. Drilling had just started the day that I talked to him by the way which was yesterday. I am very encouraged by everything this guy had to say.

Permalink Reply by scott peterson on July 26, 2011 at 11:45pm

Just noticed I said KGHB ....correct name is KWGD,

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