I'm new to "gomarcellusshale", as well as new to this business. We have a 152 acre farm with "Clinton" gas wells which supply our needs.
We've been approached by Fossil Creek Energy Corp (FCEC) for $50/acre, 12.5% Royalty, and $10,000 if a well is drilled. We are sitting on the Utica Strata. I've carefully read the lease and am very suspicious of the terms. We are consulting attorneys. I don't see any members from Noble County..and some interesting notes from Guernsey which lead me to suspect the FCEC lease. Can they broker a lease after signing "cheap"?
We have news of ARTEX Oil offering leases in our County, they're out of Marietta. Any comment on FCEC, ARTEX, and my suspicions would be welcomed!
Tags:
Permalink Reply by sawtooth on October 27, 2011 at 12:20am
Permalink Reply by Christiane Marshall on October 28, 2011 at 2:35pm
Permalink Reply by Jeanette Krunich on October 27, 2011 at 1:19am
Permalink Reply by Gerry Gross on October 27, 2011 at 5:19am How do I find a group in my area (Buffalo township) so that I can get a lease going? I was in the Homestead Energy group that got the Guernsey county lease but me and my neighbor got left out of the signing.
Permalink Reply by Gerry Gross on October 29, 2011 at 12:34am Open signing today with the KWGD group at Pine Lakes Lodge in Salesville. $3700 acre at 18%.
Permalink Reply by scott peterson on October 29, 2011 at 10:21pm Scott, that may change if they strike "Black Gold......Texas Tea" at the Windy Ridge location. lol
They plan for that location to be in production by March.
Permalink Reply by Mark Curry on October 30, 2011 at 10:24am
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
| h2 | h2 | h2 |
|---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com