Things are heating up in Trumbull County and this is the place to talk about it. The Utica is looking more promising and, for better or worse, Trumbull County could be right in the middle of it.
Members: 303
Latest Activity: Apr 18, 2020
Started by Robert Bond. Last reply by Robert Bond Mar 24, 2018. 3 Replies 0 Likes
Started by Robert Bond. Last reply by Robert Bond Nov 26, 2017. 10 Replies 1 Like
Started by Joseph-Ohio. Last reply by Joseph-Ohio Nov 13, 2015. 1 Reply 0 Likes
Started by Joseph-Ohio. Last reply by Joseph-Ohio Nov 12, 2015. 7 Replies 0 Likes
Started by MJ. Last reply by Joseph-Ohio Oct 31, 2015. 58 Replies 0 Likes
Started by Robert Bond. Last reply by Robert Bond Oct 20, 2015. 19 Replies 0 Likes
Started by Tod. Last reply by Joseph-Ohio Oct 9, 2015. 30 Replies 0 Likes
Started by David Perotto. Last reply by Joseph-Ohio Jun 17, 2015. 10 Replies 0 Likes
Started by Robert Bond. Last reply by Summer Johnston Mar 21, 2015. 39 Replies 0 Likes
Comment
ok thanks
Adam, there is a deal. o/g companies are spending money, and the test wells are not finished yet. read comments for alov updates. and you thought you knew something.
Good DAY
Craig,
Has it occurred to you as to why there is no deal yet? Is it perhaps that the o/g companies do not want to spend money up here until chesapeake gets done drilling the test well in Geauga county to see what they do first? If the o/g companies can drag the ALOV group along just a little longer than they can know what the area holds without having to pay money to "speculate". If the results turn out good then they will lease anything they can get their hands on.
Even Chesapeak is drilling those wells on old 1969-1970 leases. They didn't even spend money on leasing this far north! There is a reason for that. It is a gamble at this point. If they can find out what the area holds without spending money to lease than it is perfect for them and all the people lured in by big up-front money sit and wait. If the results come back "bad" then they simply walk away and the people that have deals made on their property get paid while the people holding out get $0. ALOV has had how many months and they can't even give the members a copy of a lease to read over yet they just keep saying..."a couple more weeks" or that they are "looking" for a place to hold 1500 people. Wake up!!!!!!!!! They are buying time!
By the way Tanya, you are starting to see how these o/g companies play the game. I wonder how many of Chesapeaks subsidiaries are bidding on the same acreage to buy time?
There is a reason they like these large groups! I bet if those test wells come back good then they would be happy to take that acreage and as fast as they can before the word gets out and they have to pay what it is worth when the acreage is actually proven. I bet there won't be any trouble communicating to the members or finding a place to get together as soon as those results are back.
This is purely my theory. I hope whatever happens benefits all the residents of this area. I just hate to see so many people that don't understand how they can be mislead and not even realize it until it is too late. I wish you all good luck in this ordeal. Just don't get blinded by up-front money because when that money is gone, you are stuck with what you signed for potentially a long time!
Good luck and good night!
Adam
Tom, trumbull county alov (group c) are still negotiating with several o/g companies. alov ( group b) in several counties to the south just came to an agreement with an o/g company last week and had negotiations for nearly six months. If I had to take an educated guess it will be a while longer. I,m thinking mabey after the first of the year. We can only wait and see, I think it will be well worth the wait. Good luck
Has anyone heard anything from ALOV for the trumbull county area?
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com
You need to be a member of Trumbull County, OH to add comments!