Replies to This Discussion

Permalink Reply by Isopatch on June 28, 2014 at 2:11pm

Hi Martha.

That's good news. We live in southern Ritchie Cty., but our minerals here were leased out decades before we bought this place. 

Will she be covering Calhoun or Gilmer, as well? 

TIA,

Ken

Permalink Reply by Martha Lee Vincent on June 28, 2014 at 2:26pm

I'm not sure about that Ken.  I do know that she'll be covering Wirt and Ritchie.  I'm excited about that.  I feel that we all can get a much better contract with her.  She has a board including 2 Columbus, Oh. attorneys, and Bob Chase, the Petroleum engineering Head at Marietta College.  They all have lots of Oil and Gas contacts.        Martha Vincent  

Permalink Reply by Martha Lee Vincent on July 1, 2014 at 5:05am

I just found out Monday (6/30), Ken, that Calhoun County is included in Jennifer Garrisons new group that she is going to represent.   The Counties in this group are Ritchie, Wirt, Calhoun, Wood, and Jackson.               Martha

Permalink Reply by wandering juju on August 7, 2014 at 4:31pm

Here we go again...  as Jennifer and her cohorts all attempt to be the middleman they claim to not like..  sure.. if she is good a getting you money.. lets see her write the check...

Permalink Reply by Martha Lee Vincent on August 7, 2014 at 10:39pm

I know several of the people she served in her Marietta group and the check came in like clockwork.  And her fee is extremely reasonable.

Permalink Reply by bruce barton on August 9, 2014 at 4:56am

Martha, I am paying attention here, but waiting to see what  develops. I have about 650 ac off the Cairo/Cisco road.This week, I received a notice that EQT Production Co. was doing a plat survey under a 109 ac lease I own but I don't control the leasing rights too. (It was leased many years ago and is controlled by production. I am waiting to see if I am contacted about the leasing rights I do control next to the 109. Things seem to be starting to move.

Jennifer Garrison seems like a good resource.

Bruce

Permalink Reply by Martha Lee Vincent on August 9, 2014 at 5:06am

Good luck to you.  Let me know how that turns out.   Martha

Permalink Reply by Adam Martin on October 16, 2014 at 8:14am

Hi Bruce - had a similar situation as you with a lease HBP that EQT wanted to drill horizontal wells. The HBP wells were old vertical wells dating back to the early 1900's and they still negotiated with us on a acreage bonus but the old 12.5% royalty and production costs, they would not re-negotiate. Their land men told us that those terms could not be re-negotiated but I've come to find out that their comments were a blatant lie. Best advice is to find a good lawyer and with the large amounts of acreage in what appears to be in the same general location, you should have a good negotiating position. Good luck and interested to hear how things pan out for you.

Permalink Reply by bruce barton on March 26, 2015 at 10:56am

I am seeing some action in Ritchie. EQT is now or has just done some surveys on all three of my leases, and I have also received an offer to purchase my mineral rights from a WV company.

Has anybody else seen anything happening?

Bruce

Permalink Reply by Nancy Mosley on March 26, 2015 at 4:17pm

I think EQT and Antero are trying to fill in owners where they have some leases. Same with Noble but they are mostly in the very northern part.

Go to www.uslandrecords.com and select West Virginia, then select Ritchie and choose a recent range of dates, Put in EQT or Antero and see how many entries there are. You can look at the summary of the document, and see where the tracts are that are being leased.

Permalink Reply by bruce barton on March 27, 2015 at 1:47am

Thanks Nancy. Any idea of lease rates in my area or Ritchie Co in general?

Permalink Reply by Nancy Mosley on March 27, 2015 at 3:36am

In the areas they want now (mostly Clay district near Tyler or Doddridge i.e. northeast, and Union near Doddridge) maybe between $2000 and $3000, at least a few months ago. They are using the "excuse" that the price of natural gas and oil is down so bonus money is down. However these prices are cyclic and will go up again, just no certainty when.

There is at least a little interest in Grant district.

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