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Trumbull County, OH

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

Discussion Forum

Wells in Trumbull County

Started by Robert Bond Apr 18, 2020. 0 Replies

Time to welcome a new member of this group

Started by Robert Bond. Last reply by Robert Bond Mar 24, 2018. 3 Replies

It has been 6months folks!!!

Started by Robert Bond. Last reply by Robert Bond Nov 26, 2017. 10 Replies

Majors Have Big Dollars To Fund Takeovers

Started by Joseph-Ohio. Last reply by Joseph-Ohio Nov 13, 2015. 1 Reply

When Leases Term & Things Pick Up

Started by Joseph-Ohio. Last reply by Joseph-Ohio Nov 12, 2015. 7 Replies

Bp Wells Sold!

Started by MJ. Last reply by Joseph-Ohio Oct 31, 2015. 58 Replies

Trumbull Quiet over 2 months?

Started by Robert Bond. Last reply by Robert Bond Oct 20, 2015. 19 Replies

Renewed Leases in Trumbull County

Started by Tod. Last reply by Joseph-Ohio Oct 9, 2015. 30 Replies

Halcon permit for the Lutz well, Warren Township

Started by David Perotto. Last reply by Joseph-Ohio Jun 17, 2015. 10 Replies

Been a month!

Started by Robert Bond. Last reply by Summer Johnston Mar 21, 2015. 39 Replies

Comment Wall

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Comment by Michael Lawrence on October 9, 2011 at 10:11am
15% royalty on a gross is equal to about a 18.5% net royalty... inform your self regarding royalties.. and again.. the idea is to be sure to get drilled.. realize that when companies are working in your area... they only have so much money.. amazing how many people who are "holding out" keep thinkng the money is never going to run out.. think about this.. if a company takes down over 150k acres to drill... that should keep them busy for the next 11 years... once they buy.. they need nothing else..   Many hedge funds and others will offer monies up front thinking they may be able to wait it out and move your lands for more...  in many shale plays the potential buyer was left holding the bag..and the customers who believed in them didnt get paid..
Comment by Ed Ganelli on October 9, 2011 at 9:34am
WishGard's offer per acre of only 1600 with just 15% royalties, along with a 120 day payout kinda has THEIR percentage built in, it seems to me....
Comment by Michael Lawrence on October 9, 2011 at 4:39am
I have actually worked with wishgard and will tell you that they have paid ALL  land owners who have signed with them...Experiance with the Oil companies is what Wishgard brings to the table.  dont get greedy, get drilled.   the money up front isnt what it is all about... Realize that the blocks people keep trying to put together dont all get paid.. they get cherry picked. why pay some lawyer group to take a lease for you... the group lawyers are the real winners.. dont be fooled.. nobody deserves a percentage of your money.
Comment by Tanya Gabriele on October 5, 2011 at 5:17am
Did anyone report a lot of seismic activity when the O & G Companies were fracturing in PA?  Or-is Ohio the only area that's gotta a whole lotta shakin' goin' on..?  Our driveway cracked in two places since the last quake.  Who makes sure cracks aren't forming in the bedrock protecting the water table from the areas that are are being fractured?
Comment by Jeff Cleer on October 3, 2011 at 4:15am
They do the entire thing. The ALOV contract has many benefits to the landowners than just the financial ones. The environmental things they commonly negotiate are outstanding compared to the fly-by-night companies that are trying to lease land too. It is best to have an attorney look at anything youre thinking aboit signing. I remember a while back, the first offer I got was for a hundred bucks an acre. I just hope noone went for something like that,without knowing.
Comment by Tanya Gabriele on October 3, 2011 at 4:10am
Thanks for your input guys.  Our farm is in northern Trumbull County.  ALOV is new to me.  We're not signed up with them.  I think $1600 an acre is peanuts. Does ALOV help develop the contracts between land owners and O&G companies or do they just help to run up bids?
Comment by Ed Ganelli on October 3, 2011 at 3:52am
Panic, yes...rumors, no...I've seen the e-mails from ALOV!  I agree that grouping with ALOV and waiting it out is a FAR better option than signing with Wishguard for little money upfront and a terrible lease.  I'm just wondering what's next in the area - from reading posts here from the SE Ohio counties that Wishguard operated in, things there began to happen quickly shortly after Wishguard leasing began.  I'd REALLY like to know if Wishguard is leasing for a driller other than Chesapeake - another O & G company actively acquiring leased land can only increase leasing values...
Comment by Jeff Cleer on October 3, 2011 at 3:42am
Like I mentioned before, panic and rumors. There may very well be more companies trying to negotiate with ALOV. And that is a beautiful thing! As far as anyone "dropping out", their loss. Alov was the best possible thing that could have happened. I had been contacted by three companies before signing with them. And i am still confident that they will get the best deal in all aspects.
Comment by Ed Ganelli on October 3, 2011 at 3:33am

I didn't sign with the ALOV group...but know several in my area that ARE signed with them and HAVE received e-mails from ALOV saying that another bidder has entered the picture so they have extended negotiations for 3 more weeks.  An ALOV rep contacted my neighbor to see if he wanted to add his 1500+ acres to the Northern Trumbull group at the beginning of Sept. and said bids were to be opened by mid-Sept. (same as others I know signed with ALOV had said they were told...).  I'm sure that ALOV is trying to get the best possible deal for those in the group...just wondering if anyone in ALOV is aware of Wishguard and all the landowners suddenly deciding to drop out of ALOV and sign with Wishguard?  How much of the 18,000 acres in ALOV's group will be lost, and what will it do to bargaining power ALOV has?

 

I HAVE seen the lease Wishguard is offering, and compared to the standard ALOV lease it's by no means good for the landowner...

Comment by Robert Bond on October 3, 2011 at 1:51am
Wishgard has a website you can find with a google search.  They have done leasing for Gulfport in SE Ohio.
 

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