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Comment by jerry allen on December 11, 2010 at 4:46am

Check out today's Wheeling Intelligencer article "Drilling Lease Control Crucial" 12/11/10

Looks like there could be major advantages in joining the group.

Comment by Dee on December 5, 2010 at 12:39pm

I contacted Talisman's Pittsburgh office regarding the lease they had with us. They informed that they have sold our lease to Chesapeake. They said that we should expect to hear from them soon regarding an extension of our lease.

Comment by Al Cramblett on October 4, 2010 at 3:24am

Research Strongly Encouraged Prior to Signing Drilling Lease
Sep
30 Written by: news editor
9/30/2010 1:00 AM

9/30/10 As many property owners have learned, oil and gas drilling companies are seeking to lease the rights to drill on local private property.
Research Strongly Encouraged Prior to Signing Drilling Lease
by Sean Logan, Director
Ohio Department of Natural Resources

As many property owners have learned, oil and gas drilling companies are seeking to lease the rights to drill on local private property. This is taking place throughout eastern Ohio. This new pursuit of leased rights reflects the oil and gas potential being found in the Marcellus Shale formation, which is located between 5,000-6,000 feet underground.

The Marcellus Shale formation has provided significant returns for companies drilling in Pennsylvania and West Virginia, and the landowners they lease from. These companies are taking advantage of new technologies that enable them to access reserves that were, until recently, inaccessible. These companies anticipate similarly profitable returns from Ohio wells.

Landowners are concerned about their rights and responsibilities should they choose to lease or not to lease. Neighboring landowners are concerned about the impact on their land, water and quality of life.

In late June of this year, Senate Bill 165 was passed which strengthened oversight by the Ohio Department of Natural Resources (ODNR) for the permitting, drilling and production of natural gas and oil wells in Ohio. The new laws enable ODNR to put more inspectors in the field to ensure Ohio's oil/natural gas laws are followed. Besides additional inspectors and oversight, the legislation also gave ODNR more tools for assuring that rules are followed, and provided new enforcement powers to deal with irresponsible drillers. We are now in a solid position to manage the rush of new activity, and to provide concerned citizens with a regulatory framework that promotes sound business and safe practices.

But landowners have their part to play. Per-acre price offers may seem high. Please do not let these offers cloud the evaluative process you need to take prior to signing any lease.

When in contact with drilling company representatives, landowners need to be diligent in their research prior to leasing their rights. Talk to your neighbors; research those companies requesting your mineral rights. Seek legal counsel knowledgeable in the leasing of oil and natural gas.

Up-front work in negotiating the lease is essential to the success of the agreement. Variables may include duration of the lease, the location of access roads, the placement of the wellhead and storage tanks, and other considerations. Remember you will not be able to change the terms of an oil and gas lease once signed.

The current interest in eastern Ohio is generally associated with drilling in the Marcellus Shale. But below the Marcellus lies the Utica Shale, a formation we are just learning about. The Utica represents a source of natural gas that may one day prove even larger than the Marcellus. And whatever lies below the Utica remains largely unknown. The point for landowners to remember is that a lease on your acreage may involve drilling only at Marcellus depths, it may include all mineral rights at any depth, or it may include some other combination of variables. Again, the advice of an expert is highly recommended.

Want to learn more? Visit the Division of Mineral Resources Management’s Web site at http://www.dnr.state.oh.us/mineral/faqlandowner/tabid/17871/default.... The site provides extensive information on oil and gas leasing, permitting and drilling.

The Ohio Department of Natural Resources ensures a balance between wise use and protection of our natural resources for the benefit of all. Visit the ODNR Web site at www.ohiodnr.com.

Comment by James Milleson on September 15, 2010 at 8:49am

Folks my office is full of clients who have been offered the moon and back. The drillers have the financing not the marketing brokers. I for one would love to guarantee a dollar figure, a higher royalty payment and a promise to you that you are doing the right thing. BUT I, NOR CAN ANYONE predict the future. What is real is real. Currently our clients total 13,820acres and we have not signed. We have offers from marketing agents as high as 1800.00 per acre and 18% royalities-and I have asked each of those marketing agents to WRITE the check. The answer is always the same, they can't//why not , because they have no money! We signed a few at $765.00, $500.00 and $900.00 and payment has been issued. I am still skeptical on the ceiling and I am willing to wait as the drilling information out of PA-and W.VA. can be analyzed. Facts are facts, and I want proof. If you have received a check for more than $1400.00 per acre in EASTERN OHIO I want to hear from you.

Comment by James Milleson on September 15, 2010 at 8:28am

do you believe we are peaking or are we at the base of the mountain just starting our climb?

Comment by stephen brescia on August 26, 2010 at 3:03am

I have 50 acres along hwy 224 in Poland Township, about a mile from the Penn border. re leases being offered in this area and do you know the companies that are reputible and work with integrity. Thanks , Steve

Comment by Joe on August 19, 2010 at 2:42am

I just received an offer of $200 per acre for 5 year lease in southern Mahoning County. The guys has stopped twice and called once. I plan to counter offer at around $6000.00/acre.

Comment by Nick Trolio on August 15, 2010 at 11:34am

Not sure if they are leasing in Stark County. I know they are in Tuscarawas, Carrol, Harrison, Columbiana, Jefferson and Belmont Counties.

Comment by Michele Glasgow on August 14, 2010 at 11:54am

Has anyone had any lease offers in Stark County? If so who with?

Comment by Gary D Sowders on June 10, 2010 at 3:15am

Does anyone know if they are looking at testing or drilling in Knox County? I have 73 acres of land in the middle of oil/gas country, the eastern edge of Knox. There are low volume wells all around us.

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