Comment

Comment by Poison Ivy on March 11, 2012 at 12:34pm

Thanks for all the good  comments, I think we are gonna pass on this geological survey. . :)

Comment by James Milleson on March 11, 2012 at 3:44am

why not just ask for a copy of the results so that u know what is under your property plus the price per acre....just another thought...jim

Comment by HB on March 10, 2012 at 9:10am

@Poison Ivy: Got the same letter from Global last week for my Belmont county land (touches northern border of county, ~ 1/4 mi E of OH9). Thinking of telling them I want $15/ac, paid in advance!

Comment by Philip Brutz on March 9, 2012 at 12:33pm

I think I would pay $5 an acre to keep them off my property.  That information is worth a good bit more than $5.

Comment by Poison Ivy on March 9, 2012 at 12:23pm

They must be. Maybe they are doing this seismic testing so they can sell the results to the oil & gas companies.

Comment by Josh on March 9, 2012 at 8:31am

We are in arhcer township north of cadiz, guess they are all over the place.

Comment by Poison Ivy on March 9, 2012 at 8:12am

We are about 5 miles west of Cadiz, near Rt 22 and Rt519. I also am wondering if they are targeting a certain area. Where are you located?

Comment by Josh on March 9, 2012 at 3:48am

Yes a bunch of my neighbors are recieving the same letters.  The contract is very vague on there timeline.  Ivy where are you located in the county just wonder if they are targeting a certain area?

Comment by Poison Ivy on March 8, 2012 at 10:44am

We received a letter today from Global Geophysical Services , asking to do  3D seismic survey on our property, and would pay us $5. an acre to do so. They are out of Martins Ferry. Has anyone else received these letters or know what its about?

Comment by Buckeye Fan on March 8, 2012 at 3:45am

NEW YORK (AP) -- Exxon said Thursday that it will spend about $185 billion over the next five years to find more oil and natural gas to meet an expected increase in energy demand.

In a statement issued ahead of a presentation at the New York Stock Exchange, CEO Rex Tillerson says the investment, about $37 billion a year, is needed to expand the supply of traditional fuels like oil and gas while also advancing new energy sources. Exxon, the world's largest publicly traded energy company, expects global energy demand to increase 30 percent by 2040, compared with 2010 levels.

Exxon Mobil Corp., Chevron Corp., BP and Royal Dutch Shell all produced less crude last year than in the prior year. They're struggling to tap new sources of oil fast enough in an environment where big finds are rarer and costlier to exploit. Potential fields lie deep under the seabed, or in shale rock formations that require expensive technology to crack open. When Exxon can't find oil fast enough, it is stuck with existing fields where production is declining.

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