Renewing leases in Columbiana County?

I signed a 5 year lease with the option to extend another 3 years with Trinity which was actually chesapeak in the fall of 2010. My land is in northern Columbiana county. Does anyone know if they will be renewing these leases?

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Permalink Reply by Joseph-Ohio on August 4, 2015 at 12:22am
Another twist on lease renewals is perhaps now that forced pooling / forced unitization in Ohio exists perhaps instead of renewing they may choose to let the lease expire and force the previously leased land / mineral owner into a less desireable leasehold agreement.

The Oil and Gas Division Chief is all that stands between something like that happening or not the way it seems to me.

Seems to me, forced pooling / forced unitization has many sharp edges to cut with.

Don't you agree ?

I say it needs to be repealed.

JMHO
Permalink Reply by Harry E. Rose on August 4, 2015 at 12:33am
Or at least reigned in.
Permalink Reply by Keith Mauck (Site Publisher) on August 4, 2015 at 1:57am

make sure you post in this group - http://gomarcellusshale.com/group/columbiana-county

Permalink Reply by Thomas Satterfield on August 4, 2015 at 3:29am

We had a 3-year lease with Chesapeake.  The primary 3-year term expired on June 5, 2015, and we were not renewed.  (Our lease included parcels in Unity, Center, and Washington townships.)  

Permalink Reply by Robin Hood on August 4, 2015 at 7:27am

Thomas,

Did they release your lease at the courthouse? If I were you I would make sure that you are free and clear of those "rascals"

Permalink Reply by Thomas Satterfield on August 4, 2015 at 7:55am

We are currently working with our attorney to obtain a "release of lease" from Chesapeake and get it recorded at the courthouse.  (Of course, they did not voluntarily file this document for us!)

Permalink Reply by Jim Pollock on August 4, 2015 at 11:24am
I called chesapeak and they couldnt say for sure but he said he could almost guarantee that they would renew the léase.
Permalink Reply by Jim Pollock on August 4, 2015 at 11:29am
My land is in Butler township
Permalink Reply by Jamotom on August 6, 2015 at 1:32pm

Robin Hood hit the nail squarly on the head...and was being diplomatic using the term "rascals".

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