Comment

Comment by lance loveridge on February 8, 2012 at 11:35am

The problem here is that people are trying to understand what an attorney means by hiring another attorney. You have to deal with people you trust first. "I" do not trust attorneys.  I trust the successfull people that live around me. Maybe I'm wrong here, but this is what has always worked for me.

Comment by Bill Simpson on February 8, 2012 at 6:29am

Many landowners are excited to learn of expected bonuses and royalties they may be receiving. However, down the road when they sign leases many will find out that after examination by lawyers from the Oil/Gas companies that they own nothing because of old active leases or that they do not own any mineral rights or royalties. Many properties have leases going back 50+ years and are pages long of transfers, sell offs, consolidations, etc. Most homeowners are not aware of this because when they bought their property years ago they were only thinking of property to build a barn and ride horses. Oil/gas leases were the farthest things from their mind. Fast forward to the end of 2011 and now Utica shale is all they can talk about. I wish most of the landowners good luck but from listening to folks from southern/mid Ohio ,reading the Web and attending some meetings many stories are out there about homeowners who own the land but yet someone who is laughing all the way to the bank owns the mineral rights, bonuses and royalties.

Unfortuate but true in not all but some cases. This is where a good title search or good Attorney comes in. If you are an 8-5 guy and try to figure out if you own your royalties/mineral rights good luck. Too much wording for a commoner. I would rather pay for an expert for peace of mind than to wait a year only to be disappointed.

Anyone have thoughts or comments on this rationale?

Comment by James Kerns on February 7, 2012 at 5:59pm

 Depolarized Farmer have you heard some news about ALOV's Trumbull county group that you can share?

Comment by Bill Simpson on February 7, 2012 at 12:49pm

Does anyone know the difference between an "Attorneys Opinion" and a "Certificate of Title". I heard this mentioned at a land owners meeting. I believe it has to with something verifying if you own your mineral rights or not.
We were told that once you sign an O&G lease that the company (example Chesapeake) sends in their own attorneys to review each and every lease on your property Was told that many times all this research can usually cause a delay in bonus payments.

If the O&G companies do the research anyway why spend the money to have an Attorney look at it. Does either of the two above carry any weight in the research or does the Opinion or Title mean a lot?.

Many of us discussed this but since we use our hands at work instead of our brains we could not figure out a good answer.

Any info would be greatly appreciated.

Comment by Depolarized Farmer on February 6, 2012 at 12:57pm

For what it's worth, at the last EALA meeting, Bob Rea (Buckeye Mineral) said that he intends to market the group's Ashtabula acreage both as a whole and as individual pieces (probably townships).  The goal is to capture the best of both worlds...  the big combined acreage total will attract large drillers who will only look at 50,000+ acres at a time, but at the same time they can still get competitive bids from smaller drillers with less financial resources.  This seems like the best approach to me.  From what I hear, the combined approach is certainly paying off for ALOV's Trumbull County group (96,000 acres).  There is safety in numbers.

Comment by Jackie on February 5, 2012 at 12:49pm

Title Company would be able to get you a copy of the actual lease.   

Comment by brynmore on February 5, 2012 at 12:28pm

mark

   just trying to learn , inform myself and maybe ask questions that might be on some other ashtabula landowners minds

Comment by brynmore on February 5, 2012 at 12:26pm

jackie

   i have been to that site already and they do not have the actual lease to view even after i had made an account

Comment by Jackie on February 5, 2012 at 12:20pm

Brynmore--

This might help.

http://cotthosting.com/ohashtabula/LandRecords/protected/SrchQuickN...

Comment by brynmore on February 5, 2012 at 12:08pm

i have been researching through my owners policy and the last lease was in 1986 . does anyone know how you would tell how long the lease was for ? and how it would be written if the rights were sold, with out making a trip to the recorders office

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