Comment

Comment by Adam Thomas on January 6, 2012 at 2:52pm

Remember Bill, that clause is on the website of an attorney group.

Comment by Dan on January 6, 2012 at 1:30pm

I will check tomorrow at the site to see if any activity has taken place.

Comment by john p halloran on January 6, 2012 at 11:45am

I saw drilling equipment heading north on rt. 7 today.

Comment by Dan on January 6, 2012 at 10:31am

There is a article in todays Ashtabula County Star Beacon news paper , talks about Chesapeake Energy working with the county on emergency planning ,  and the well to be drilled in Richmond township.

Comment by Brad on January 6, 2012 at 10:15am

Adam,

If I had 100 acres under a Wishgard lease and 50 acres fell under production (where royalties were received) , would the lease be terminated for the remaining 50 acres (that were not in "production zone") after the primary or extended term expired?  Does Wishgard allow any reasons for the extension of the lease? 

Comment by Bill Simpson on January 6, 2012 at 9:09am

Thanks,
This is a good example of why I advocate a good Oil/Gas attorney (not a divorce, DUI attorney etc) to go over the lease that is presented by anyone. As an ordinary person I am lost on this verbiage. If anyone has specifics with this the post good/bad from Adam please post it. I am going to one the Washingpalawyers meetings next week and will take it with me for clarification. Again I am new to the the leasing game and want any and all information I can receive to protect myself and my property.

Thx

Comment by Adam Thomas on January 6, 2012 at 7:58am

Bill, 

      Here is the pugh clause that is on the website of the group you talked of.  It says these are examples of clause that they have negotiated.  Can anyone tell me what is wrong with this Pugh clause?

I cut and pasted it directly from their site.

If the Leasehold covered by this Oil and Gas Lease covers more than sixty (60) net acres and more than sixty percent (60%) of the Leasehold covered by this Oil and Gas Lease is not included in the production unit established by Lessee, this Lease shall automatically terminate two (2) years (“Extended Term”) after the expiration of the primary term or any extension provided herein, insofar and only insofar as to all Leasehold outside a production unit established by Lessee for a well, provided if the Lessee, its successors or assigns shall be engaged in operations for the drilling, completing or testing of a new well or wells or the drilling, completing, testing, or deepening of an existing well or wells on the leased premises or on lands with which said Leasehold or a portion hereof have been included in a production unit, then this Oil and Gas Lease shall continue in full force and effect until such drilling, completing, testing or deepening operations have been completed.

Comment by shantycreekfarms on January 5, 2012 at 3:20pm

Ok nothing down here in the sw side of the county was posted and was just curious, glad i found this sight otherwise would not have known about it. Still alot of people in the dark about all of this. Thanks

Comment by Dan on January 5, 2012 at 3:15pm

I have sat in on a few of the early meetings when the group was formed. They have fliers posted  and being handed out ,  posted on the firehall    billboard as well.

Comment by shantycreekfarms on January 5, 2012 at 3:06pm

 Ok thanks I live in orwell and wanted to make sure. If you dont mind ,how did you find out about the meeting.

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