Replies to This Discussion

Permalink Reply by Cheri S. Ramsburg on September 21, 2010 at 3:03am

Frank, The main player in Harrison County is not Kenyon Energy. I have worked with several groups that have all received over $1,000 an acre and at a 15% royalty and great addendums. It is very important to have good addendums that protect the landowner, such as not allowing any deductions for expenses to be made from your royalty payment. Most gas and oil contracts are very one sided towards the landowner unless there are addendums added.

Please contact me if you want more information.

Permalink Reply by Timothy M. Greene on September 22, 2010 at 3:17am

I will be attending the NARO conference in Pittsburgh also. My name is Tim Greene. I own and operate a company named Land & Mineral Management of Appalachia. I assist mineral owners through the leasing process and with continued management of the mineral.

I would be happy to talk to each individual or to a group.

Please call 304-545-7644 or e-mail tgreene711@gmail.com

Whatever you do, please find someone with oil and gas experience and an oil and gas backgraound to assist you.

Tim

Permalink Reply by Frank De Fede on September 22, 2010 at 5:41am

Cheri, I'd like to contact you. Please give me a number, or direct e-mail address. Thanks

Permalink Reply by R D White on October 4, 2010 at 7:44am

I can help you with someone in Harrison county that is forming a large Coalition of land owners and marketing it right now. Let me know if you are interested.

Permalink Reply by Richard Clark on October 5, 2010 at 1:33am

So Jim, are you shoping the 16,300 ac for competetive bids from several companies or have you set a price to offer it for lease? How many different counties is the 16,300 ac in? Within this acerage is there a proven producing well or is it all speculation? Thanks

Permalink Reply by Richard Clark on October 5, 2010 at 2:30am

You must be very busy........(A Good Thing) a lot going on in a large area.
How long do you estimate it will be until there is a producing well that generates income for landowners from the sale of gas in Harrison, Jefferson and Belmont counties? I know one of the pipeline companies in Belmont county that was buying right away pulled out about 2/3 weeks ago, any idea why?

Permalink Reply by Richard Clark on October 5, 2010 at 3:23am

Not sure of the spelling :) Percheron out of El Paso TX.

I am hearing on the ground that it will be at least 3/4 years before we will see any real productivity in these 3 counties.

Permalink Reply by Frank De Fede on October 4, 2010 at 3:00pm

do you an idea of what they are going to try to get per acre?

Permalink Reply by Richard Clark on October 5, 2010 at 3:27am

Do you have access to or the knowledge to calculate how much difference 1% royalty equates to in dollars over the expected 40 years a well will produce? I have heard 100's of thousands!

Permalink Reply by Al Cramblett on October 10, 2010 at 6:23am

Richard,

If anyone were to reply with a specific dollar amount to your question, that individual would be practicing the ethics of an unemployed, used car salesman! Why do I say this? Well, in Eastern Ohio, the possibility exists that there is more than one Hydro carbon layer in play. Secondly, technology is advancing rapidly. The advent of horizontal drilling is what put the Marcellus Shale formation in play. You mentioned a lifespan of 40 years for a well. I've talked to royalty owners that were receiving payments on wells that are 90 years old. Granted, the wells have been reworked but it's the original location. However, a 90 year life is uncommon. The bottom line is that the royalty amount is where one should focus their negotiation skills before signing a lease. A 1% increase in royalty fees could easily increase the value of your oil and gas lease to the hundreds of thousands of dollars amount that you mentioned. If you can, be patient until more major oil and gas companies enter the eastern Ohio market.

Permalink Reply by stephen brescia on November 5, 2010 at 2:45am

Thank you for the inormation. I own 50 acres along Hwy224 in Mahoning County, Poland Township. 1.5 miles from the Penn border. Is ther any leasing activity in this are a of Ohio? Thanks again, Steve Brescia

Permalink Reply by CAM on April 2, 2011 at 10:37am

Hi Al:  I was reviewing comments on this site as my sisters and I own some property in Ross county, down the road from State Lake area.  We have been contacted by Chesapeake regarding gas.  I'm trying to get educated; however, I noted your last name and wondered if you had any relatives from Steubenville?  We had a family with your last name a few doors down...just wondered?  Thanks.

Christine Yanch McBride

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