Comment

Comment by Ken & Jill Nehls on August 25, 2011 at 11:05pm

Nelson, I specifically asked them, in person, about it. And that is what they said. They also pointed it out to me in the lease.

 

 

Comment by Nelson Roe on August 25, 2011 at 10:58pm

Ken & Jill,

This pretty much goes against everything else I have heard or read.  If after the 5 years, the well is producing you will be receiving royalties (or at least should be) and you will not be entitled to the extension & receiving the signing bonus again.  Once the well is producing, the landowners will receive royalties & their land will be held by production until the well no longer produces in a profitable amount.  You may want to revisit that statement.

Comment by Ken & Jill Nehls on August 25, 2011 at 4:25pm

We signed today with Eclipse.  $2500. per acre and 16% royalty.  Very clean and easy to understand lease. Extremely helpful people who will go out of their way to answer questions and help you.  When the 5 years is up, and as long as the well is producing, you can re-sign up and get another $2500. per acre and same royalties. Had an attorney look at lease and he said its one of the better ones he's seen. 

 

We live on Rosedale Rd.  Anyone close? 

 

Jill

Comment by Nelson Roe on August 25, 2011 at 1:07pm

Mike,

Is that what the fault is called that runs through here?  What exactly is a fault line & how could it potentially affect drilling in the areas that it runs through?

Comment by michael j belaj on August 25, 2011 at 1:01pm

The Cambridge cross strike Structural discontinuity runs from Washington County through western Noble County Western Guernsey County South eastern Coshoction County. Chesapeake is drilling in Wheeling Township Guernsey County on the up dip side of this strike. Michael J Belaj

Comment by Shower Bath on August 18, 2011 at 3:30pm

When discussing the JV deal between Consol and Nobel, Consol valued the deal at $9,700 per acre. Nobels' CEO valued the acreage aqt $7,100 per acre.  Most of the acreage involved is held-by-production (85%), and have low royalty rates as they were the old Dominion leases that Consol acquired last year for approx $3,800 per acre. If you have a half hour to spend, listen to the Web Cast presentation from the link below.

Randy

Comment by Shower Bath on August 18, 2011 at 9:00am

http://phx.corporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsro...

Missed a .

Randy

Comment by Shower Bath on August 18, 2011 at 8:57am

News on the Consol/Nobel Energy joint venture announced this AM.

http://phxcorporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsroo...

Randy

Comment by Bill VanHorn on August 17, 2011 at 9:16pm

We own 23 acres in Wheeling twsp. If my neighbors are non-receptive to any lease or drilling, where does that leave me?

Bill Van Horn

Comment by Shower Bath on August 16, 2011 at 12:53pm

Dear Jon.....lol

Here are a couple of good sights for info that may be educational for the group.

http://shale.typepad.com/utica_shale/

 

http://www.eaglefordshale.com/news/

Randy

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