Comment

Comment by Dan on April 20, 2012 at 1:05pm

That's why Buckeye Mineral Development was formed , Bob Rea could not continue to work for free. Actually the 3900$ being no percentage was taken out ,  members got to keep more than if they would have signed with a group that had taken a % of the signing bonus, all things being equal. Looks like the group got a lot for their 60$ fee. What's that about 10 minutes of lawyer time if you tried to get a deal done on your own?

Comment by Joseph-Ohio on April 20, 2012 at 11:59am

Dan,

 

I finally had it right about ALOV signing Trumbull but just the same thanks for the other clarifications.

 

Being 'not for profit' doesn't necessarily mean that ALOV wasn't paid more than the 3900.00 per acre since the folks that work for ALOV would earn money as salary for their services.  Once you pay the salary to your employees and break even you don't show profit - thereby the 'not for profit' moniker fits !

 

I may look young but by the same token I wasn't born yesterday either !

 

Joe

 

Comment by Joseph-Ohio on April 20, 2012 at 10:00am

 

Thanks for the clarification Dan.

I know nothing is free with oil and gas but the resource and therefore the money comes out of the Landowners ground - we as Landowners can't forget that - we should always remember that we as Landowners pay for it.

Same as earning any money.

No product - no money.

Good luck to us all !

Comment by Dan on April 20, 2012 at 9:53am

You almost have that correct,  ALOV signed the Trumbull county group, not Buckeye Mineral Development. The Trumbull County members paid 60$ to join the ALOV group. This was the last group under the non profit heading. Buckeye Mineral Development was formed by the founder of ALOV and will operate as a for profit at 2.75% of signing bonus. Buckeye Mineral Development is working with other groups Eastern Ohio as well as Ashtabula County.

Nothing is free with this oil and gas leasing, some one pays one way or the other. 

Comment by Joseph-Ohio on April 20, 2012 at 9:38am

 

Thought I'd write to sum things up for my own benefit and for the benefit of anyone that can find value in this post.

There are alot of Land Departments out there.

There's NELA the Northcoast Environmental Landownders Association unknown affiliation maybe any and all maybe environmentalists only, and I don't know how they would be paid for selling one of their Lease Agreements.

There's ALOV the Associated Landowners of the Ohio Valley as far as I know not involved in Ashtabula County as Buckeye Mineral Development was formed by them to facilitate different payment plans - ALOV is supposed to be not for profit but that tells me a good guess would be that they're paid by the Developer perhaps a top cut from Landowner $ per acre Signing Bonuses and perhaps plus some of the Royalties; also, they signed up Trumbull County Landowners with BP.

There's Buckeye Mineral Development with unknown affiliation maybe any and all.  Buckeye is supposed to get paid 2 3/4% of the Landowner Signing Bonus as I gather.

There's EALA the Eastern Ashtabula Landowners Association with unknown affiliation but, assuming any and all; and I personally don't know how they would be paid.

There's Wishguard with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.

There's Gas Lease Professionals with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.

There's Holland Land Services affiliated with Shell; and once again I personally don't know how they would be paid.

There's CGAS affiliated with EnerVest; with their payment plan once again unknown.

There's RKR Resources, LLC. From what I gather they sell to any and all developers and are paid by the Developer they finally sell to.

My brain tells me that no matter what the payment is to the Land Department it always comes out of the resource production which is coming from the oil and gas developed from the Landowner's acreage.

That to me means the Landowner pays the Land Department for the privelege of the Toot Sweet Lease he/she has decided to use.

Having finally gotten it somewhat straight in my brain I'll let it go for now.

Comment by Helen on April 19, 2012 at 10:27am

Wishgard is paying...first check arrived today for Geauga co property

Comment by Dain Liard on April 18, 2012 at 3:27pm

any word on these meetings..how much per acre??

Comment by Aaron Rohlfing on April 17, 2012 at 8:56am

Good Afternoon, 

RKR Resources will be holding an informational meeting for landowners on Thursday, April 19 at 7:30 pm at the Senior Center in the Village of Jefferson. The center is located on 11 East Jefferson Street, Jefferson, Ohio 44047. The meeting is expected to last one hour. If you are interested in attending or have questions relating to the event, please contact Aaron Rohlfing by email at arohlfing@rkrresources.com or by phone at (443) 939- 2494. We hope to see you there!

Comment by brynmore on April 7, 2012 at 12:26am

dan

   good point, i am still a little skeptical as you are the way my luck has went  everyone around me will get leased and be getting large royality checks and i will get passed up. dont forget the power plant in conneaut , nascar track in ashtabula county that were rumored to be built also, that nothing ever happened with

Comment by Dan on April 6, 2012 at 11:35pm

That's what they said when US Steel was going to build the steel plant along lake Erie in Conneaut.

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