This group is for all things related to oil and gas development and leasing in Ashtabula County.
Members: 313
Latest Activity: Jan 2, 2019
Started by Joseph-Ohio. Last reply by Joseph-Ohio Dec 20, 2015. 6 Replies 0 Likes
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Started by Joseph-Ohio. Last reply by Joseph-Ohio Nov 27, 2014. 6 Replies 0 Likes
Comment
Bryan........... This isn't coming to Ashtabula. It is not realistic..... This is not a question of IF but WHEN..... as well as how BIG its gonna get.
Just got a postcard from Mineral Rights Group, NE about some meetings next week...anyone have information about them?
Until this is realistic in our county, this is a cheap way with some time invested, to research your land. As far as I know, nothing has been proven in this county.
Look at your deed. It says a lot.
Sometimes the title search has become a bit lengthy and complicated for the title company. How far back do you follow the chain of title? If you can do that on your own--great!
You can look at the history of your property for free. It only costs 25 cent if you make copies.
Just make sure you know how to follow the chain of title back at lease 100 years. It can become complicated in a hurry.
If you go to the court house you can obtain any current or old leases that have been on your property. Don't pay a ton of money on information that is public knowledge. I only say this because I've already done this. It's around 25 cents per page.
Alot of those old leases are with companies that don't exist anymore. Chicago Title does a good job in searching oil and gas leases for $350. Jerome Lemiere is a the attorney to see about oil and gas leases. He runs around $200-$250 an hour. Jackie..... how much is land in Ashtabula going for with mineral rights? Also without?
Agreed - everyone should work with an experienced attorney. My only point is that people with large amounts of property should not assume because there is one well on their property that all acres are HBP. In some cases with multiple parcels, the lease historically becomes reduced to the 40 acres around the well leaving the rest of the acres available and open for leasing. You are right - it can be a very long and tedious process to get through but definitely well worth it. We just can't assume that old leases automatically mean all acres are HBP until proper research is completed.
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