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Columbiana County, OH

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Latest Activity: Jul 11

Discussion Forum

Leasing in Columbiana County

Started by Don C. Last reply by Inchworm antenna Jul 11. 4 Replies

Columbiana Permits for Nov

Started by Keith Mauck (Site Publisher) Jan 9, 2018. 0 Replies

Storage Yard on Rt. 30?

Started by Jacob Kampfer Aug 1, 2016. 0 Replies

Rig off Rt 11 in Columbiana County

Started by James Foster. Last reply by Martin J Lopshansky Jul 6, 2015. 8 Replies

Dye Well

Started by Kelly Young. Last reply by Undecided About Oil Jul 3, 2015. 136 Replies

Land in well unitization

Started by Dale. Last reply by Kathleen Mar 16, 2015. 1 Reply

Pipeline Location Question

Started by Retired Tanker. Last reply by 0ym9x5ag7ury2 Oct 19, 2014. 1 Reply

Good things to come?

Started by Jacob Kampfer. Last reply by Jacob Kampfer Oct 17, 2014. 3 Replies

Teegarden Pipeline

Started by James Foster. Last reply by James Foster Sep 9, 2014. 69 Replies

Comment Wall

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Comment by Kathleen on June 19, 2014 at 4:35pm
Those royalties I listed are from a 15% net lease.
Comment by Inchworm antenna on June 19, 2014 at 2:18pm

Folks need to pay very close attention to the market enhancement which might appear to bring more value to the lessor, but many in PA claim is a blind sided attempt to take steep deductions on gross leases. And then there's also the issue of a company or two taking outrageous deductions on Net leases, and how certain companies structure those deductions to where some landowners complained the deductions were almost as much as the actual royalty leaving them with little to nothing.  (like selling to a sister company that charges higher than usual fees, and transferring the fees in deduction form to the lessor).  Looks like folks in PA have even begun to organize against some of those practices and have included their political leaders.  Even the PA Governor has specifically weighed in.  If the same issues are beginning to surface here in Ohio it would be great if people speak up.  Then again maybe the production on the wells commented about are just not very lucrative.

Comment by Kelly Young on June 19, 2014 at 1:45pm

They would be from Chesapeake. As for your other questions, I have no idea. We have yet to receive royalties. Next month is the first month we are supposed to get them.

Comment by Inchworm antenna on June 19, 2014 at 1:32pm

Are the royalty payments from Chesapeake?  Do those Royalty payments take into account application of any of their classic outrageous "Market Enhancement" clauses like people were complaining about in Pennsylvania?  Were the deductions steep?  Were these Net leases?

Look up market enhancement deductions in the general topics discussions.

Comment by Kelly Young on June 19, 2014 at 12:04pm

When you get your first royalty check after 3 months of production, when are those sent out? I am hearing the 1st, someone else said the 15th.

Comment by TJT on June 16, 2014 at 2:10pm

There seems to be some growing uncertainty here about Columbiana County's shale potential. Rumors of low royalties don't help. But it's wise to keep the last few days or weeks in context. Judging by total permits and drilled wells, the county is still clearly among the top five most active. It has about the same percentage of permits to wells drilled as Carroll County. However, the number of producing wells is still lagging, which might be one reason for the concern. My source is this handy Farm and Dairy graph

Comment by Kathleen on June 16, 2014 at 2:02pm
My friend got about $145~ per acre from the well on Bethesda. 2+ acres, 3 months $1000.
Comment by Finnbear on June 16, 2014 at 1:07pm

Is that per day, per week, per month, per year? Which specific well? Under what royalty terms?

"$40 per acre" doesn't mean a whole lot without a whole lot of context to define it.

Comment by Kristy Foster on June 16, 2014 at 12:49pm

royalties.

Comment by Finnbear on June 16, 2014 at 12:11pm

$40 an acre for what?

 

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