Comment

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..

Landowner 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.

Landowner 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?

Landowner 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.

Landowner 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?

Landowner 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...

Landowner 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.

Landowner 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...

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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