Replies to This Discussion

Permalink Reply by tony blankenship on November 14, 2011 at 6:30pm

hess is starting to make round  if ur not least they will get to u most likely they stopped by my place last wee , their landman said there goin to all the place that dont show minerial rights already leased. there starting at 5000/ac signing bonus and 17% i told him i already signed  so i didnt get to see contract  cause he left to go to next place

 

Permalink Reply by tonya palmer on November 15, 2011 at 2:02am

thanks for the info...just thought maybe they already had enough land in Belmont County

Permalink Reply by 015334grltd9m on November 15, 2011 at 2:42am

Don't worry, they need every inch of your county.

Permalink Reply by Beth Kyer on November 15, 2011 at 5:59am

Smith-Goshen Landowners Group is still accepting landowners as far as I know. There is a meeting tonight at Union Local Middle School at 6:00.

Be sure to bring your parcel numbers if you wish to add your acreage to the group.

Permalink Reply by tonya palmer on November 15, 2011 at 7:28am

thank you beth. We are very new to this and don't really have a clue. Actually we are still debating the pros and cons of leasing but were worried that all landowners surrounding us have leased or are in the process and thought maybe we could be forced into doing something we didn't want to. But it would be nice to attend the meeting to learn more. What do you mean by parcel numbers? Is it just proof of address? Thanks for your help

Permalink Reply by Finnbear on November 15, 2011 at 8:19am

Parcel numbers are how the county identifies your land for tax purposes and can be found in two places.

1) On your real-estate tax bill

2) On the Belmont County Auditor Website . This is probably the easiest place to find them. Click on "Real Estate Online" over to the right side of the screen. Next click on "Start your search..." Next enter the owner's name.

As far as deciding about leasing goes, it is inevitable that drilling IS coming to Belmont. You will have to deal with the noise, the dust, the trucks, for years to come. You might as well profit from it. If you join a good landowner group (like Smith-Goshen) and get a landowner-friendly lease that protects your interests, it will make the nuisance side of the business a bit more tolerable. If you do go to the meeting tonight, try to show up early to register. A large crowd is expected.

 

Permalink Reply by Beth Kyer on November 15, 2011 at 8:23am

Thanks Finnbear. I was hoping you would jump in.

Permalink Reply by Finnbear on November 15, 2011 at 8:39am

I have not been here much recently. I am involved with another landowner group in NE Ohio where I live and it has kept me very busy lately.

Permalink Reply by Renee E. Dorsey on July 17, 2012 at 12:18pm

HEY - looks who is here!   lol...

Permalink Reply by Beth Kyer on November 15, 2011 at 8:20am

You're welcome. You will find your parcel numbers on your property tax bill. You are doing exactly what I have done to learn about this leasing business. Follow these blogs. They are most helpful and can guide you to news and info. Use google searches to learn both about fracking and leasing. The internet is a great tool...Good luck and I hope to see you tonight.

Permalink Reply by tonya palmer on November 16, 2011 at 2:28am

thanks everyone for the great info and taking time to help. It was very easy to find the parcel #s for our property with your directions. My husband was able to make the meeting last night and we feel like our foot is in the door now at least.....although it was mainly about investing and we aren't close to that point yet....he was still able to sign up to receive more info for our situation. If it wasn't for everyones help here we wouldn't even be at this point...so again thank you all

Permalink Reply by Finnbear on November 16, 2011 at 3:46am

The Smith-Goshen group has been having a meeting about once a month since they started back in January. At each meeting, the group was given an update by the committee on the progress they were making. At many of the meetings, an expert was brought in to speak to the group in an educational capacity. Some of the people who came to educate the group have been, an oil & gas expert from ODNR, a retired oil and gas company geologist, a tax planner, a geologist from Marietta college, an attorney who specializes in estate planning, investment advisors, someone who knows about coal mining in Belmont county, etc. Each of these meetings brought the members up to speed on the group's progress but also taught those willing to listen some things that they should know about the oil and gas business and also things would need to know down the road after they have a lease signed. Many involved in this will collect a 6-figure plus lease bonus check and it will probably be the largest single piece of income they collect in their whole life. The tax planning, estate planning, and investment advise are crucial to making the oil and gas income benefit you for a lifetime and not just the next couple of years. You don't want to end up like so many lottery winners who end up flat broke 5 years later.

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