Guernsey County, OH

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All things pertaining to leasing,drilling and production in Guernsey OH.

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Just to share , Madison Township , Guernsey county

by Mickey Shank

Jun 2, 2022

Many neighbors have been told to keep quiet and not share the numbers offered . That's crazy . The only one that benefits is the oil company . 

Currently offered 

3 years @ 2250 per acre 18% gross with 3 year option at 2500 per acre .  This is through our group . We signed with the law firm KWDG to negotiate . 

Landman offered via phone 2000 + 18% GROSS

Sent contract . 2k per acre 12.5% NET . I only asked for a copy of the contract for a lawyer to look at . 

  • up

    Mickey Shank

    Update , they reminded that offer within a week , didn't even make it to us from the law firm . Signed for 1250 p/acer . 3 years paid yearly .

    Hopefully something starts around here . I was rild Ascent was also drilling but didn't renew us this go round .

    Sep 13, 2022

    • up

      Mickey Shank

      Recinded, damned auto correct .

      Sep 13, 2022