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Harrison County, OH

The Harrison County's picture is of Scio, Ohio circa 1898 and represents the boom of days past. This site is dedicated to the sharing of information with all concerned in oil and gas leasing in Harrison County today. Join us and prosper. Please join this group to participate.

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Members: 424
Latest Activity: Jun 9

Discussion Forum

Athens Twp.

Started by Robert Bond. Last reply by keepthefaith Jun 9. 25 Replies

Deucker Drilling Units

Started by Al Cramblett. Last reply by Al Cramblett Jun 7. 44 Replies

royalties

Started by earl miller. Last reply by earl miller Jan 24. 2 Replies

Ascent is knocking

Started by Hunter. Last reply by Hunter Oct 5, 2018. 8 Replies

Companies looking at Harrison County for new plant

Started by Keith Mauck (Site Publisher). Last reply by Ronald L. Rohr Jr. Aug 29, 2018. 5 Replies

lease renewal in harrison co.

Started by ray schmidt. Last reply by Shower Bath Aug 10, 2018. 72 Replies

Harrison Permits for Dec

Started by Keith Mauck (Site Publisher) Jan 9, 2018. 0 Replies

Buell well numbers continued

Started by william. Last reply by Shower Bath Dec 21, 2017. 26 Replies

Sadie Pad site

Started by Marcia Davis. Last reply by clyde vanhoose Nov 16, 2017. 9 Replies

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Comment by Peter Schueler on March 9, 2019 at 5:46pm

T.B. You own the mineral rights when and if the lease expires. The lease continues beyond its expiration date if a well is drilled and production commences.  It is my understanding that mineral rights can be sold in whole or in part at any time whether the land is leased or unleased. Selling the mineral rights is a forever deal whereas leasing is for a specified period. You can wait for the lease to be drilled or expire or you can sell part or all of your rights. If the lease expires undrilled in 2020 you can release it for another lease bonus. Check your area for O&G production at the ODNR website and talk to your neighbors about their experience.  Whatever you do, assume that the first offer is not the best offer and check with an O&G attorney before signing any contract.

Comment by Al Cramblett on March 9, 2019 at 3:42pm

Peter, Ray: That's exactly what happened with the Deucker drilling unit! A landowner with 34 acres had Chesapeake Holding their hands in the air. Chesapeake ended up paying an outrageous amount to lease that 34 acres.

Comment by ray schmidt on March 9, 2019 at 2:15pm

thanks Peter.i will ask

Comment by Peter Schueler on March 9, 2019 at 2:05pm

Ray, here's another thought. The typical bonus rates being offered today probably aren't for critical acreage like yours that could mess up a major drilling program. Maybe see if the royalty rate could be increased as a kicker.

Comment by Peter Schueler on March 9, 2019 at 1:26pm

Chesie is scrambling to beat lease expirations on two sites, the Akers pad and the Kramer pad. They may not have two rigs available to start drilling on both sites at the same time. The Akers unit is a single 633 acre unit while the Kramer site has three units 429 acres, 437 acres and 270 acres. My guess is that they will target the Kramer site first with a drilling rig because of its larger acreage. Also, I haven't been contacted to extend my lease which lies within all three of the Kramer units.

Comment by ray schmidt on March 9, 2019 at 12:32pm

well i just talked to him.he doesnt think they will go for it because they think current prices are lower than when we signd and they think they will be drilling by the time contract is expired.he is meeting with them monday so i will find out then if they accept my counter offer. thanks for pointing that out.will post monday when i hear from them.

Comment by T. Bamburak on March 9, 2019 at 12:26pm

Hi, I'm confused - Chesapeake leased my li'l 10 acres in 2010, and renewed the contract in 2015. When the lease runs out in 2020, does Chesapeake retain the mineral rights? We've had no action on our land itself, so no royalties at all, but now Gateway Royalties wants to give us a chunk of change to "sell" them any future royalties. Can anybody school me a bit?

Comment by Peter Schueler on March 9, 2019 at 11:47am

Ray, If your ALOV lease is the same as mine the original 3 year extension was paid out at $750 per acre per year. Using that rate, a 6 month extension should pay $325 per acre or $7500 for 20 acres. I would counter offer $7500.

Comment by ray schmidt on March 9, 2019 at 10:17am

just got a call from rep. from chesapeake.they want to extend contract 6 months.we have just under 20 acers.they offered $4.480.65 flat rate to hold original alov lease.wondering if i should take it?any suggestions would be appreciated

Comment by Charlotte Lied on March 5, 2019 at 1:44pm

This may be a silly question, but has anyone seen a new map that delineates the Oil/Dry/Wet windows?  The key word being New.  Seems by now the data and information would be available to sharpen up the lines a bit.  But maybe with leasing still happening they remain tight lipped? 

 

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