Some true,some hearsay...Aubrey is looking for a site to build his regional office with a Cambridge address. Aep Utica is looking to drill a well behind the General store in Old Washington,early feb. .AEP is drilling now in Harrison co. Rice will be moving their big rig from Belmont co. to daddy Shugerts well in Old Washington,soon. Bluegrass Pipeline coming thru the county this year. Compressor station for Antero's well below Senecaville is ready to fire up any day. Gulfport is sending rigs to Guernsey soon. EQT is wanting to drill 21 new wells in Guernsey this year. Carrizo has 2 pads built,ready to roll. Cheasapeake,all of a sudden,likes Guernsey,better than Carroll. The company wanting to build an apartment complex at the I-77/Rt.22 site has agreed to help finance a sewer plant needed at that site& Coventry Estates. Motel to be built across from Pilot on the hill almost ready to roll. Some landowners near Quaker City are getting offers of $13,400. per acre to sell their Mineral rights. Any other tidbits are welcome. You hear things from credible sources that may not even be true,but you be the judge.
I am not in the industry, but a simple farmer trying to come to terms with reality I find myself in. My father was an attorney and lobbyist for the Ohio coal industry, representing those interests in both Columbus and Washington. Were I to name him you would know him, but to protect my anonymity I shall leave my father nameless. Like you, he acquired interests in several wells and mineral reservations. However, he suffers from Parkinson-related dementia and failed to tell our family how extensive those interests were. To protect our family's interests, it was forced upon me to educate myself about this industry and untangle the various threads he had woven. What began as a necessity has now become a passion such that, to paraphrase once again our county's newest resident, the Utica is the greatest thing to happen to me since the invention of the plow.
Hi Arminius, I enjoy reading your replies, very informative and enlightening... GO UTICA! Like you, the Utica has been a great blessing to me and my family. It gives me great satisfaction to participate in this "boom" and help to lessen our dependence on foreign oil, not to mention reaping the financial harvest of pipe line ROWs while we wait on inclusion into a pooled drilling unit. Have you heard what the average estimated payment per acre per month is coming out of the Utica?
Thanks for the compliment. I have not heard of any numbers from anyone in a unit to give you any kind of a figure. There are so many variables that it would be difficult to come up with a figure. There is a poster named Invictus who is attempting to come up with such a figure. I am letting the mineral rights buyers serve as a proxy for the value of these acres: There is so much capital, so much smart capital, entering into this area to purchase rights that I would have to think the per/acre yield must be very high. Accordingly, the per/acre number to purchase these rights will continue to rise.
I got this off the internet and it shows production numbers of the current EQT wells to date. If you review the results with other wells on oil alone they seem to compare with some of Cheaspeaks wells in Carroll County?
More & More people are reporting offers to buy their mineral rights in Cambridge Twp. Wat-up?
What kinds of offers for mineral rights in Cambridge Township are you hearing?
$8900. to $10,000. for 20% royalty leases. east of I-77
I live western Harrison and we saw this last year as drilling started to increase in the area. Got like 2 letters a week, have now died back to 1 month or less. Think they hope to get people who have waited a while and are not patient. The price goes up with time look at Belmont offers.
Are you talking about leasing or selling prices? The highest lease price of heard of is 6300 per acre and 21%. These pipelines that must go in are paying pretty good too I heard. Guernsey will be real busy real soon....
Selling not much left to lease
I guess not... That's good though, let's get the holes drilled and pipelines in...! Tell the Arabs to keep their oil we got plenty of our own....Amen