Current Hancock County Lease Offers

Let's keep this site posted with current lease offers in Hancock County and the surrounding area.  Chesapeake is drilling the Utica Shale in the surrounding counties... Columbiana County, Ohio, Beaver County, PA and Brooke County, WV.

 

I have heard of lease bonuses up to $3700 an acre in Harrison County, Ohio and $2700 an acre in Jefferson County, Ohio with a 17.5% royalty.

 

What's the current offer in Hancock County?

 

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Replies to This Discussion

Permalink Reply by Sarah123 on October 25, 2011 at 8:31am
As of a few weeks ago Kenyon is offering $3000 an acre.
Permalink Reply by David on October 27, 2011 at 4:21am
Had to postpone my meeting with Kenyon until next week. jim, you mentioned a group using a lawyer to deal with chesapeak, I would like to discuss my joining the group if this is an option. We need to get he most bang for our buck
Permalink Reply by Tracy on October 27, 2011 at 6:44am

David - We also called Rokisky and he said there's a meeting tonight at the Hancock County Senior Center by Oak Glen High School this evening, 6:30pm.

 

Permalink Reply by Todd on October 29, 2011 at 3:36pm

What did you guys find out at the meeting??? I was out of town. :(

I'll have to stop by Rokisky's office this week!

Permalink Reply by Edsel Emery on October 29, 2011 at 4:39pm

There were a LOT of people at the meeting, Todd!   He did a presentation, and handed out a packet of information, as well as signup information for the group

 

Permalink Reply by David on October 31, 2011 at 1:35am
are there any other meetings scheduled? Is everyone trying to negotiate as one group, or individuals?
Permalink Reply by Jim Gibson Tope Hill WV on October 31, 2011 at 2:23pm

Dave

call or stop by Rokisky's office in weirton the more the better bargaining power

 

Permalink Reply by Jim Gibson Tope Hill WV on October 31, 2011 at 2:25pm

some thing else to keep in mind that has been accepted elsewhere is to get a percentage of the profit if your lease is sold!

 

Permalink Reply by Todd on November 2, 2011 at 7:53am
Good point Jim!
Permalink Reply by David on November 3, 2011 at 8:07am
Just got offer of $3000 per acre with 17% post production, they claim they are after the utica wet, oil instead of gas. $2250 per acre no touch clause, same royalties. This was Kenyon. Haven't signed anything yet.
Permalink Reply by Todd on November 7, 2011 at 9:31am
Whatever you do David... make sure you get wellhead price... no post production costs.
Permalink Reply by Todd on November 22, 2011 at 3:30pm

So now what's the going rate?  Any other companies interested other than CHK?  I know Buckeye Oil Producing Company is also interested.

Last I heard is that you can negotiate for $3500 per acre and 18% at the wellhead.

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