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LandownerPermalink Reply by caualie on Saturday

 We've been notified our Frio lease has been sold.  

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LandownerPermalink Reply by Greg B yesterday

Those like Frio that are assembling acreage will eventually sell since they are not the drillers/operators so that could be a good sign. If you know who they sold it to that would help. On my map I recall seeing some color changes based on ownership. I can have a look and see.

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LandownerPermalink Reply by tacoma7583 yesterday

I read on another page the frio leases had been flipped to Valedor Energy

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LandownerPermalink Reply by caualie 23 hours ago

Our understanding was that Frio is a smaller driller operator , though never in the Utica /Marcellous.  Freedom Mineral aquired leases for Frio.  No big surprise they flipped. This Valedor bunch I can not find has ever drilled anything anywhere. Just old management people from other companies, so one has to wonder if they have the money to actually do anything with them.

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Permalink Reply by Kambe 8 hours ago

It looks like much of their management team are former employees of Encino.  This is potentially good news for lease holders, as they were pretty darn successful and were not afraid to push the limits of the play (see the well in Mahoning County where others feared to treat)

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LandownerPermalink Reply by Greg B 2 hours ago

This statement on their website is revealing:

"In the Appalachian Basin, Frio participates as working interest owner alongside proven operators who handle drilling, completions, and production operations."

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