Comment

Comment by Tanya Gabriele on February 27, 2012 at 9:05am

Tri-State Energy recently held meetings for residents in Fowler, Brookfield, etc.  They were offering $3000 an acre.  They promised to pay within 90 day of signing their lease.  They claim, through one of their representatives, that Chesapeak has pulled out and they're taking over.  I learned that Tri-State Energy had been bought and sold a number of times.  They currently own all the Circle K's and 76 Gas Stations.  They also own a large number of oil refineries and oil service supplies.  However, a few years back, they were in Colorado frack drilling with Exon and went belly up when Exon pulled out.  TSE took out a $1.1 million loan from the federal government to help them recover and defaulted on it.  Chesapeak is having financial difficulties and has ceased making  offers at this time.  So, if people are not getting lease offers at this time, it is not because our area has limited potential.  These companies are having money woes.

Comment by Tom Frey on February 27, 2012 at 6:10am

Rick, Thanks for the info.

Comment by Richard Liston on February 27, 2012 at 6:08am

Tom,  PAC was ten years with a lease no one in their right mind would sign.

The Campbell Dev. lease was 5 and 5, once again, the lease was not acceptable at all.

Mercer  county lease 5 and 5  - Rick

Comment by Tom Frey on February 27, 2012 at 5:35am

Richard, May I ask how long the lease was for with the other offers?

Comment by Richard Liston on February 27, 2012 at 5:29am

Tom, no, ours did not either, just a number to call if we are interested. 

In November 2011, PAC energy offered us 2000/arce.  Also in Novermber Campbell Development offered 2000 then 2400 then 2500/acre.  Have 69 to lease (brookfield twp). 

I have a farm in mercer county we signed with hilcorp in december for 3250 and happy with that. 

Very surprised I have not got an offer on a lease in Trumbull as good as my Transfer Pa property.  Have 170acres in Crawford County pa and have no offers at all yet.  - Rick

Comment by john p halloran on February 26, 2012 at 6:55am

Seems we have another jealous nut on this sight,go away,this movie is nothing but bunk and its been disproven many times over. All it is,is activist B.S..

Comment by Matthew Wengerd on February 26, 2012 at 5:38am

Why are people listening to, and believing all of the lies and cover-ups of the oil and gas companies? Have any of you even thought about the reality instead of the money? I don't think so. Look try to watch this GASLAND.

occupy warren presents:
The Series of occupy concerns:
the gas man is coming

Saturday March 3, 2012
2-4pm
Warren-Trumbull County Public Library
Second Floor Meeting Room
444 Mahoning Avenue Northwest 
Warren, OH 44483
(330) 399-8807

On March 3, 2012 Occupy Warren is holding an informational meeting on the booming oil & gas industry.
We will begin with an opening speech, and then move on to multiple informational videos.
We will then open up the floor to any questions from the public
All are invited to come, enjoy, and learn.
Knowledge is the greatest tool to man.
#solidarity

Comment by Tom Frey on February 24, 2012 at 12:04am

Richard,

  I also received a letter from them. Did your letter tell you how long the lease was for? Mine did not.  Thanks,  Tom

Comment by Richard Liston on February 23, 2012 at 7:41am

We received a letter from Shale Investment Fund as well.  Got online and could not find much on them.  That is the 3rd and highest offer in 4 months, but have no plans on signing with them.

Comment by Kevin Rishaw on February 22, 2012 at 7:29pm

My personal ( yet uninformed opinion ) Is that the gas companies are waiting to see more from this area ( aka test well in Parkman ) and that will help determine the interest in Trumbull. seeing as how the Parkman area has been poked at we will see results from ALOV soon. Just my $0.02

Side note as my OCD is kicking in.

Can someone please teach ALOV how to spell Trumbull on their sight.....

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