Replies to This Discussion

Permalink Reply by Dee A on April 21, 2012 at 7:24pm

From what I've read, if you try to sell a lease outside of a group you'll probably only find middlemen interested and you'll end up with less than if you joined a land owners group. The big corps are only interested in large parcels, in the tens of thousands of acres. Land owner groups usually have gas / oil lawyers representing them as well.

 

Permalink Reply by oildude on April 22, 2012 at 1:08am

There are oil companies that are leasing in the north west of washington county. I am still trying to find out who they are but there is leasing going on in the beverly area. It seems that the bonus is around $6000 and 18% royalty. These companies are leasing a bout 2000-3000 acres at a time. All one continuous piece of land. I think the larger land groups are having trouble getting rid of their leases because they are too big and too spread out. These companies already have tens of thousands of acres leased so they dont NEED an acre here and an acre on the other side of the county. They WANT a piece of land that they can lease and drill on sooner rather than later. You should band together with your neighbors and get an oil and gas attorney. If you can put together 1000-2000 acres you can deal directly with the oil company. If you have an acre or two and are isolated then you would be better off to go with a land owner group.

Permalink Reply by Raf22 on April 22, 2012 at 1:24am

Thanks. Have any land owner groups actually leased acreage for clients in Washington County?

Permalink Reply by oildude on April 22, 2012 at 1:59am

I have not heard of any landowner group signing a lease in my area. Anadarko has a few leases around lowell but that is all I have seen.

Permalink Reply by Luke Miles on April 22, 2012 at 6:18am

Who is paying $6000/acre in Washington Cuonty

Permalink Reply by Hal Whitlatch on April 22, 2012 at 7:55am

I too would like to know who has PAID $6000/acre in Washington County!

Permalink Reply by oildude on April 22, 2012 at 9:10am

I have NOT seen anyone lease in washington county yet. I was referring to a group of farmers that are currently negotiating with an oil company. I do not know who that oil company is at this time. Sorry. 

Donna

You are correct about the county land access website being confusing. Some companies will move things around with multiple assignments in order to hide things. As far as who owns what, your guess is as good as mine.

I would just suggest that everyone have patience and talk to your neighbors. Get organized and watch what happens. When the time comes you will be ready to " pull the trigger".

Permalink Reply by Terry F. Offenberger on April 22, 2012 at 9:56am

6k per acre? I'd like to know about that too. I've heard (for what that is worth) of some deals in the 3k range.

Permalink Reply by WLW on April 22, 2012 at 1:56pm

Anadarko has leases west of the Muskingum that they got from Artex in HBP wells.

The deal in the Waterford area for 6000 was not with an O & G company, but a broker, so I was told. I also heard that the deal fell through.