Landowner

Northeast Ohio...Ashtabula County...Future Drilling Prospects...

Just wondering what your thoughts/information on the future of Oil/Gas drilling/exploration

might be for the above area(s)?

I read where many parts of Ohio are growing, new permits issued and good outlooks for the future. However

none of them are close to me and further down South.

I have had about five (5) offers to by my land from out of towners in the last 45 days. I am in Ashtabula

County not to far from the PA border. Do they know something I don't about what me coming later on?

I welcome any and all opinions from the Members or anyone with valid input.

Thx

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LandownerPermalink Reply by Jim Pollock on August 1, 2026 at 1:04pm

I dont know what they have planned for your area. I live around Salem Ohio in Columbiana county and things are really heating up around me. As you can see from the map there isnt much in the horizontal wells in your area The slanted blue rectangles are the horizontal wells that are in Ohio so far. I have 10 acres and i leased my land for 5,250 per acre with an 18 percent royalty  with no deductions. And another company just offered me 7,000 per acre on top of that if i sell my mineral rights.

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LandownerPermalink Reply by Bill Simpson on August 1, 2026 at 2:48pm

What are the red dots?


LandownerPermalink Reply by Jim Pollock on August 2, 2026 at 5:17am

The red dots are just normal old vertical wells


LandownerPermalink Reply by Steven A Joliat on August 2, 2026 at 8:52am

$7000 per acre is rather low for a full mineral rights sale, lease bonuses for the Utica have been higher than that over the last few years.  Of course proven production in the area has an effect on that number.  Please consult with an oil and gas attorney before you lease or sell minerals.


LandownerPermalink Reply by Jim Pollock on August 2, 2026 at 11:07am

Im not planning to sell but this was after I already got 5250 per acre to lease. Just trying to show people what the land is worth for oil wells.


LandownerPermalink Reply by DSFS on August 6, 2026 at 1:19am

Can you share the company names of those making the offers to buy your mineral rights?


LandownerPermalink Reply by Jim Pollock on August 7, 2026 at 10:29am

The Mineral Guy is the company that wants to buy my mineral rights.


LandownerPermalink Reply by DSFS on August 8, 2026 at 1:08am

Who wants to lease ?


LandownerPermalink Reply by Jim Pollock on August 8, 2026 at 2:18am

I leased with northern oil and gas but most people close by are leasing with Bright Rock Energy and some with Del Rio. Some also with OGM and some with EOG


LandownerPermalink Reply by DSFS on August 8, 2026 at 2:29am

Thank you for the info . Just confirming this leasing activity is in  Eastern Ashtabula?


LandownerPermalink Reply by Jim Pollock on August 8, 2026 at 2:37am

No this leasing is where I live. Salem, Ohio. Southwest  of youngstown

Permalink Reply by Kambe on August 12, 2026 at 5:57am

Interesting that you went with Northern Oil and Gas.  During their Q2 earnings report, the CEO mentioned that they have spent $100 million dollars over the past year, good to know where some of that money was spent.  He was talking about how the market doesn't recognize that buying inventory where the value appreciates is not the current trend as many companies are not replacing inventory.

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