Comment

Comment by john p halloran on February 5, 2012 at 11:27am

Both are right,just depends who's looking !!!!

Comment by brynmore on February 5, 2012 at 11:15am

finnbear

    interesting , cause i thought that if you were in a land group and they had 30000 acres and the group presented the them to say gulfport it is offered as a total package, opposed to cherry picking the best acres

Comment by Finnbear on February 5, 2012 at 8:48am

Bill,

Mark McG is absolutely correct in telling you to organize, but in smaller groups. There are, on average 23,000 acres in a township. If you can organize with neighbors just within a township and present that package of mostly contiguous acres to oil and gas companies, you can present them with some extra value when compared to going it alone. The different perspectives of neighbors will bring lease concerns to light that an individual may not have thought of. When landowner groups become too large, not all oil and gas companies are able to lease that much at one time. The price tag may scare off some smaller or mid-size companies who could do a fine job developing a smaller leasehold. You might be as well off to just pool a couple of contiguous drilling units with your immediate neighbors and work toward getting the best deal for the neighborhood instead of worrying about the whole township, county, or region. I know of a producer who wants to put together 1 or 2 drilling units in a particular area on the gamble that it will prove profitable. They cannot afford to pay the huge up-front bonuses we are currently seeing but are more than willing to be very generous on the royalty side and with their lease terms. You won't get that from the Chesapeakes and Shells and Gulfports of the world and too large of a landgroup will make those kinds of opportunities unavailable to you. My advice is to organize and educate the members of your group now. Think about the kinds of opportunities that your group is willing to look at. When opportunity knocks, you should be ready to answer.

Comment by Finnbear on February 5, 2012 at 7:49am

http://www.plsx.com/?specificpage=listings/index.php&&direc...

http://www.energynet.com/ncp_listing.pl

brynmore,

The two links above are just two of many companies and websites dedicated to allowing oil and gas companies to trade lease parcels amongst themselves. In a particular listing there may be hundreds of parcels, but that doesn't mean the prospective buyer has to take them all. I recently inquired about some parcels in my home county that were part of a larger package and found that the seller would consider offers on individual parcels or the whole package or anything in between.

Comment by john p halloran on February 5, 2012 at 6:44am

It's all pretty exciting,but I agree, everybody should take a deep breath and keep their eyes and ears wide open!!

Comment by Claudia Alain Reynolds on February 5, 2012 at 6:19am

Mark, I agree with you. I feel the same way, but wasn't sure if I was right or wrong in thinking that way. Thanks for answering many of my questions.  From the first day when Wishgard offered $1,600, my husband wanted me to rush back up there and sign. I told him, before I sign, I was going to check into it and find out all I could. It isn't like it was 'now or never', and if it was, then I would have to pass on it anyway, because I don't trust that kind of deal.  I am glad I held out (my husband is too). We went to a meeting the other night, (buckeye mineral) and again he is ready to sign up. Though the meeting was informative and i liked what I heard, I still believe there is no rush at this point to sign anything with anyone. I plan to continue learning all I can in the mean time.  Attending meetings, looking up on the internet, talking to others  and even reading these comments help alot. So thanks. I have 27 acres and I'd rather pass up an opportunity for $$ and end up with nothing, than to know I signed for a small amount and somebody else is making a killing on my land. PS is there a place like this that I can follow comments on the buckye mineral dev.? Or is this the place I need to be. Again thanks. Claudia

Comment by john p halloran on February 5, 2012 at 5:55am

From everything I've Seen and read,I believe we seem to be in the oil and wet gas zone.With that in mind,I think they will be here sooner than we think,since a lot of them are suspending production of nat gas.

Comment by Bill Simpson on February 5, 2012 at 3:38am

Mark...
you said in your post that you would not join a large landowner group. Is this because you would do your own negotiations with an O&G company or is it that they do not have the landowners best interest in mind.
I am just a little guy with under 50 acres. I have attended 2 meetings of different groups and had discussions with another. Does the little guy like me stand a better chance of going it alone?
I am aware that Eastern Ashtabula will not see any drilling for at least 3 years so we do have time to read, think and listen.

Any comments would be greatly appreciated.

Comment by Dan on February 5, 2012 at 1:36am

I think Ashtabula County landowners need to be prepared for the long haul with this O/G play going on. Not much history on what is  actually down there. And it not like the drillers are lining up equipment to invade the county. Please attend all the different meetings going on and learn as much as you can. Here in Ashtabula we have been through all the pie in the sky stuff over the last 40 years , so I'm not getting to excited ..yet.

Comment by brynmore on February 4, 2012 at 4:17pm

i was wondering if some other people are having the same concerns as me as this whole lease business. my concern is that i sign a lease with a land group and get some upfront bonus money and a promise of some royalities, but dont end up getting in a drilling unit for what ever reason. could this become a reality, and if so besides getting my neighbors informed what else can be done? also if i have 2 neighbors 1 signs with nela 1 signs with wisgard and i sign with a land owner group and each of the three parcels are say 10 acres each what happens? thanks for your time

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