Replies to This Discussion

Permalink Reply by C Middleton on February 23, 2012 at 1:30pm

I hope so! I'm on Housel Craft and haven't heard a thing! Wait for it...wait for it....

Permalink Reply by D M on February 18, 2012 at 2:01pm

Same letter we all recieved. Last I heard, Mahoning County got $5800 per acre, and a higher percentage of royalties. It also doesn't say if royalties are gross or net. I am waiting to hear from ALOV. If you are not a member, talk to someone knowlegable before you sign anything. There is a lot at stake.

Permalink Reply by 3mfqdrnrij9ia on February 18, 2012 at 3:57pm

I talked to ALOV last week.  I will let them continue to talk for me.

Permalink Reply by 3mfqdrnrij9ia on February 18, 2012 at 4:45pm

I agree.  I did not know you were not in the group.  There is definately more power in a group.

Permalink Reply by 3mfqdrnrij9ia on February 18, 2012 at 5:11pm

Thanks, they sound like they are close, but Chesapeake is playing hard ball to keep the upfront money as low as possible. Even though they have paid more in other areas.

Permalink Reply by Russell Fidler on February 21, 2012 at 5:16pm

We all definitley need to take our time and get the most we can but my understanding(and I could be wrong) is that they base the money off of what they expect to earn off the wells in a particular area. Therefore, it can fluctuate from area to area within a certain amount. Again, just my two cents. You probably know more than I do.

 

Permalink Reply by D M on February 18, 2012 at 5:14pm

I agree with Mark. It seems as if a group is best. The tough part is who do you talk with? There is a radio show on Radio 57 WKBN occasionally about the leasing process, and possibly some knowlegable people to contact. There are also podcasts of past shows you can listen to online. If you listen for a while, they come up with what seems to be good info and advice at times. The next show is this coming Wed evening. Get online for the scedule. The more info we can gather, the better decisions we can make. I am staying with ALOV, but new groups of good people will be starting up. Start asking around, and watch out for snake oil salesmen.

Permalink Reply by DLB on February 19, 2012 at 4:50am

From the way our letter was addressed it looks like they may have pulled addresses from the auditors web site.

The letter does say "Royalties are paid to the landowner without any deduction for expenses resulting in more revenue."

We're with ALOV.

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