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Comment by Joseph-Ohio on May 20, 2012 at 9:22am

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For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:

1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.

2. The Utica Thickness Factor is a hefty 300 to 350 feet.

3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.

4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.

So, I for one am thinking the 'Core Samples' will return high marks.

Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica - and (correcting my earlier comments) those (in the eastern half of Ohio) are the Beekmantown Dolomite - Rose Run Sandstone and the Copper Ridge/Trempealeau Dolomite formations.

Let's All Think Positive !

Comment by Joseph-Ohio on May 20, 2012 at 8:59am

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For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:

1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.

2. The Utica Thickness Factor is a hefty 300 to 350 feet.

3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.

4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.

So, I for one am thinking the 'Core Samples' will return high marks.

Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica (Trenton-Beekmantown and Rose Run).

Let's All Think Positive !

Comment by Rick on May 18, 2012 at 12:01pm

Test well in Rome still operating when I drove past this morning (5/18).

Comment by Joseph-Ohio on May 18, 2012 at 7:35am

http://www.pickensplan.com/news/2012/05/17/morning-joe-becoming-ene...

 

Watch and listen to T. Boone Pickens at the above link.

Comment by brynmore on May 17, 2012 at 10:26pm

has anyone heard antythin postitve or negative as to the findings of the test well in rome ? i figure that the ones doing the testing dont want the info to leak out due to the money they invested to perform the test

Comment by Joseph-Ohio on April 21, 2012 at 11:22am

 

To Depolarized Farmer,

Thanks for taking the time to add to the discussion and provide your recommendation - I certainly appreciate all input.

Still looking both ways, checking all mirrors and studying the road ahead as best as I'm able.

Joe

Comment by Depolarized Farmer on April 21, 2012 at 5:38am

Joseph,

ALOV provided its services for free.  They were formed by landowners, for landowners.  In Trumbull, the $60 fee was actually $135...  it was $60 up front, plus $75 at lease signing.  The $135 primarily went to the multiple attorneys that they had represent the ALOV landowners (for their many months of work), with the rest to cover the group's costs.  ALOV did not receive any other payments...  not from landowners, and not from BP.  They did get BP to pay for digitizing the Trumbull County Recorder's records.  The ALOV "staff" were volunteers.  They deserve much appreciation!

EALA is just a coalition of landowners in Ashtabula.  They intend to have Bob Rea of Buckeye Mineral represent its landowners to negotiate an ALOV-like deal.  Those landowners will sign up individually with Buckeye Mineral, whose only fee is 2.75% of the bonus payment, but not a slice of the landowner's royalty unlike many other so-called landowner groups (i.e. lease flippers).  I believe that Buckeye Mineral is clearly the landowners best option in Ashtabula.  It will probably pick up a good bit of the landowners who jumped on the Wishgard bandwagon...  it appears that Wishgard is paying bonus payments to a few of its landowners just so they can say they are "paying", and the rest are being asked to sign extensions.  Unfortunately, anyone who signed with NELA is stuck for 5 years.  I personally doubt that NELA has enough acreage to be saleable, but honestly I don't know their totals. 

Comment by Joseph-Ohio on April 21, 2012 at 1:32am

Dan,

It's ok to disagree.

It's ok to be optimistic.

Believe it or not I also call myself an optimist (but, only because I'm not a pessimist).

Reality and the dollar being what they are/what I've learned them to be - I always look both ways before crossing and continually check my rear view and side view mirrors !

Still, there are too many times that I suddenly become aware of the unforeseen / unforeseeable.

Like I said earlier - Good Luck To Us All - especially insofar as this oil and gas business is concerned.  Seems to me, from it's origin, it's always been leaning to favor the big dogs. 

Comment by Dan on April 20, 2012 at 11:21pm

Well ,  guess we will need to agree to disagree on this one. The 60$fee members paid generated the money to operate. I believe the members got the full amount , but that's just my opinion. But with Big business and all the money,  anything is bound to happen.

Oh well,  that's what I get for being to optimistic. It's been a good discussion though.

Comment by Joseph-Ohio on April 20, 2012 at 1:20pm

Dan,

Honestly, I don't think Bob or anyone at ALOV worked a minute for nothing.

I'm just saying that I think ALOV got paid more than the 3900.00 to begin with so as to enable paying Bob and others for their time.

I'm thinking there's what was paid to ALOV (more than 3900.00)  and then there's the 3900.00 paid to the Landowners.

How can anyone work for nothing ?

Answer is they don't.

Not saying it's wrong to get paid for work - not saying that at all.

Just acknowledging that more money must have changed hands than the 3900.00 to allow ALOV a margin to pay their people for their work.

Oh well, unless an ALOV employee we'll never know the bottom line of that transaction. 

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