Comment

Comment by Billy Park Whyde on March 11, 2012 at 3:31pm

 Whats going on in your woods?  The Girl Scouts Selling Camps? 

http://www.zanesvilletimesrecorder.com/comments/usatodayarticle/387...

I wonder how many acres they are talking? With Oil and Gas leases going higher than $5000 per acre and flat out land sales with mineral rights through the roof I think something is amiss on this. If one scout camp was to lease and have full royalty of the well at 20% they could just about build a real cushy camp site hot tubes included!

Comment by Babs on March 9, 2012 at 7:41am

Aaah, I see +Add Discussion.  Thank you, sorry about that!    

Comment by Utica Shale on March 9, 2012 at 5:53am

Babs,

 1) Consider starting a "Discussion Thread" instead of "Commenting on the Wall". Click on the "+ Add a Discussion" link just above the "Comment Wall" text and start a new Thread. It will be much easier for every to follow, reply and review especially in the future.

 2) Maybe, require the driller agree to drill all 6 wells within a 24 month period, if they require you increase to 1,000 Acre PU. You don't want them to drill 1 well and then Hold all 1,000 acres by Production for next 10 years.

 

Comment by Babs on March 9, 2012 at 5:41am

It's my understanding the more acres in the unit, the more wells to be drilled (6 total).  Chesapeake advises they want 1000 units to allow for 6 wells. My initial thinking was, I'd sign the amendment if they were willing to negotiate the royalty %.  I'd say for someone with 100+ acres they would have more leverage than my 16.2 acres.  Thanks for the input.   

Comment by Cantigua on March 9, 2012 at 5:19am

Hi Babs---unless you are willing to seek legal advise as to getting out of your old contract and renogating a new one-pricey---I'd just want to try to get acres down to 650---if not-----I'd say go ahead and sign---that's just me---just sayin'.

 

Comment by Babs on March 9, 2012 at 4:01am

Chesapeake has approached me last week, we have a small amount of acreage in Carroll County (16 Acres).  They're requesting to to amend the current contract we signed with Eric Petroleum as unit size is not accomadating to their drilling unit of 1000+ acres.  Our contract states that our property cannot be included in a unit that  exceeds 800 acres, I inquired about amending the royalty percentage as well to my best interest since I know my neighbors is slightly higher.   They are not willing to negotiate.  Comtemplating on signing the amendment.   But I don't want to cut my nose off to spite my face.  

Comment by PMD on February 12, 2012 at 6:31am

is there anywhere on line that I may check the size of a well pad and what leased land is involved?

I have the API and location. Carroll Co, Ohio

thank you

Comment by Daniel Riemenschneider CPA on February 9, 2012 at 5:32am

Forum on tax, legal, estate and investment implications of oil & gas leases.  Free and open to the public - Saturday February 25, 2012 at 10 am at St John's Villa - The Gathering Room 701 Crest Street, Carrollton, Ohio.  Brief presentations and open for questions and answers.

Speakers include:

Dave Groves, Tax Partner and Dave Supelak, Sr. Tax Manager of Bruner-Cox LLP, Canton, Ohio

Attorneys from Parker Leiby Hanna & RasnickLLC

Tom Jackson of Tom Jackson Commerical Realty

Investment Advisors

 

Comment by BuckeyeMom on February 3, 2012 at 4:32pm

Article about the pipeline development in Carroll County...

http://business-journal.com/dollars-flow-from-carroll-county-pipeli...

Comment by Kim D on February 1, 2012 at 6:32am

http://business-journal.com/dollars-flow-from-carroll-county-pipeli.......Another article confirming positive 'going on's' here in Carroll County.

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