Comment

Comment by john p halloran on March 29, 2012 at 10:08am

Should be higher more oil.

Comment by Ronaround on March 29, 2012 at 9:08am

i was informed that the ALOV , Trumbull group will be getting paid in oct. 2012. from BP. i would be glad to get 3900.00 up here in Ashtabula...

Comment by Michael Kromer on March 29, 2012 at 9:04am

Brynmore.... NELA has roughly 23,000 acres signed.

Comment by brynmore on March 28, 2012 at 10:57pm

i wonder if now from reading to march 28 article in trumbull tribune about alov and bp maybe getting a deal going for $3900 / acre it will slowdown the other leasing  companies offering considerably less?  maybe the oil companies are going to be in ashtabula sooner than we think.

Comment by brynmore on March 28, 2012 at 10:53pm

mike kromer

   how would one check nelas numbers? i thought by going to the nela meeting that no one was going to be signed until a year or so from now?

Comment by Michael Kromer on March 28, 2012 at 7:51am

Check out NELA numbers.  They are bigger than you think. Thanks. Shell will end up being a player in this

Comment by Depolarized Farmer on March 27, 2012 at 10:06am

For the fun of it, I just added up all of the Wishgard acreage in the 435 leases they've recorded so far in Ashtabula.  The total was approx. 12,800 acres, which really isn't very much considering the size of Ashtabula County (roughly 450,000 acres).  Wishgard's acreage is very scattered which limits its marketability.

 

From my vantage point, the county's big acreage is committing to Bob Rea of Buckeye Mineral (successor to ALOV) with the help of the folks from the Eastern Ashtabula Landowners Assoc.  The nice deal that ALOV just pulled off in Trumbull County really solidifies Bob's credentials...  and it makes the naysayer Wishgard look really bad.  My gut says Buckeye Mineral will probably be representing more than 50,000 acres in Ashtabula by the summer.  Patience is the key.

Comment by Bill Simpson on March 21, 2012 at 9:34am

When I looked at the site I only looked at page one not knowing there were 3 pages..Wishgard appears to have been very very busy signing. I understand that they have a lot more signings on the line. They did their homework early. Now to see if they pay on time. If they do and hold onto the leases they will make a fortune. Very good astute business practices.

Question: To anyone in the KNOW about leasing and the Eastern Ashtabula county O &G status.

1) Does Wishgard have a certain timetable to sell these leases to a Chesapeake, Shell etc or can they just sit on them until big offers come in?

2) Has anyone heard anything about any big companies coming into Eastern Ashtabula yet?

3) With all the signed acreage and all the pending to be signed leases by Wishgard it would appear that they would be taking away some of the bargaining leverage of other leasing folks, NOLA, ALOV, www,washingtonpalawyer.com, landmen, numerous Law firms and the list goes on.

I would believe that the more acreage you have on the table the better position you in for bargaining.

I welcome any and all comments on the above questions.

Comment by Dan on March 21, 2012 at 8:17am

I did hear that sometime in April the first people that signed should be getting paid, will see...

Comment by Ronaround on March 21, 2012 at 5:32am

I see the word Wishguard again. Has anyone you know or seen a check paid by Wishguard in Ashtabula  county? I keep hearing about the leases but they have been signing for well into early 2010. i just keep asking myself are they getting the 1600 plus they are offering? thanks!

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