Finally have a lease doc in hand. Offer is for $200 per acre and 15%. The company is: Petroleum Development Corporation from Denver, formerly from West Virginia. Landman stated there would be a committment to drill in 2 years, but I don't see that mentioned in the lease. Also the 15% was to be at the well head, but the lease states various taxes would be deducted. So, we are going to have to talk. No Pugh and not landowner friendly. Any one else dealing with these guys?
Gary, PDC is a "moderatly" active driller in the Marcellus currently. They keep one rig drilling fulltime, turning out quite a few Marcellus horizontals/year. The bulk of their Marcellus activity is presently in the Clarksburg, WV area where they are making very good Marcellus wells. PDC is a small, independent OG operator who probably can't afford the big lease bonus's that the CHK's of the world can offer. However, I would venture to say that any acerage they would obtain would be more valuable (more likely to be drilled) than most of the big boys. I'm interested to know if PDC has already picked up addtional leases in your area? Another thought that comes to mind, is there any large transmission pipelines in your immediate area?
Tim, Thanks, that good news. I would much rather have a well than a large bonus. There is are several large pipe lines close by. I am joining several of my neighbors to form a drilling group.
I would like info on the Morgan County landowners group. We have mineral rights to about 1450 acres and have been approached by Artex - we declined the lease offer and are being advised by our attorney - Bill Kern
I attended a land owner's meeting in Waterford, Ohio (Washington County) last night. A represenative of the "Ohio Land Company" was there acting as a land broker. While he didn't directly confirm it, he mentioned in passing that he was representing Devon Energy in this area. He did say that Devon Energy was opening him a land office in Marietta, OH. They were very much interested in all parts of Washington County and Morgan Counties both, however at this time they were strictly leasing in Adams and Waterford townships. I'm guessing they are starting leasing in these immediate townships because a large Texas Eastern transmission lines runs directly through both townships. The land company was offering $1250/acre with a 90 day term to market your lease to I assume Devon Energy. At the end of that 90 days they had to either have a lease ready for you or forfeit your agreement. I thought a 90 day term was very resonable. My understanding after speaking to the gentlemen was that Devon Energy had first right or refusal on any tract that he picked up in the area.
Shale Guy, the transmission lines mentioned are in fact gas lines, I believe "Duke" or the old Texas Eastern operates it now. You seem to be basing your knowledge of Morgan County Utica Shale off the same layer maps that everyone else has seen. Based off the OHIO DNR maps Morgan County seems to have the thermal maturity associated with liquids or oil but there is definately no way of knowing the magnitude unless you know something that nobody else seems to know throughout the Utica play. In my experience of drilling and completing the very wet area of the Marcellus for a living, it's much more likely that some gas will be associated with any liquids (condensate, oil) present. So yes leasing land adjacent to a transmission lines makes a lot of sense for an operator.
Does anyone keep track of landowner groups that are forming? I am interested in one for the Windsor/Meigs Township are or for the entire county. Does the County Extension Agent track this activity?
Steven - There is a Morgan County Landowners Group that includes Meigs/Windsor. It will meet in 10/3 @ 6:00 PM in the auditorium of the Morgan County High School. Their consulting attorney is Dick Emens of Emens & Wolper from Columbus. You are welcome to attend / join.
Morgan County Landowners Group is meeting 10/24 @ 6:oo PM in the Morgan High School - All are welcome to attend - Members please try to have your Engagement letter signed as soon as possible
A workshop will be held on 10/17 from Noon - 5 PM in the McConnelsville library to assist anyone needing help completing the Engagement letter with Emens & Wolper our consulting attorneys.
The larger the acreage the better deal we will attain!
Morgan County Land Group - meeting 11/21/2011: Join us for the next large group MCLG meeting and learn from our guest speaker Mike McCormac, Manager of Oil/Gas permitting for ODNR. Attorney Dick Emens will be on hand to answer questions. The meeting will be held at Morgan High School at 6:00 pm All welcome to attend or contact one of our officers see www.mclg.org
Morgan County Land Group will meet on Dec 5 at 6:00 PM in the Morgan County High School - All are welcome to attend. - We are discussing the possibility of combining with the Christie Christie & Wells (John Wells) group to form a stronger group to represent our interest. The combination could easily push our group to represent over 30,000 acres in Morgan County and adjoining areas.
Morgan County Land Group www.mclg.org will meet on Jan 9, 2012 at 6:00 PM in the Morgan County High School - All are welcome to attend - Discussions about combining with other groups are still being developed. Tax planning strategies will be discussed at the meeting.
Morgan County Land Group www.mclg.org The newly combined MCLG Inc. consisting of the MCLG & the CC&W group will have it's first combined meeting on Jan 23 in the Morgan County High School at 6:00 PM. We have reached our 40,000 acre goal and have started a second negotiations group for newer members. All are welcome to attend.
Gary Cunagin
Jun 7, 2011
Gary Cunagin
Jun 22, 2011
DrillBABY
Jun 23, 2011
Gary Cunagin
Tim, Thanks, that good news. I would much rather have a well than a large bonus. There is are several large pipe lines close by. I am joining several of my neighbors to form a drilling group.
Jun 23, 2011
William Kern
Jun 26, 2011
DrillBABY
Gentlemen,
I attended a land owner's meeting in Waterford, Ohio (Washington County) last night. A represenative of the "Ohio Land Company" was there acting as a land broker. While he didn't directly confirm it, he mentioned in passing that he was representing Devon Energy in this area. He did say that Devon Energy was opening him a land office in Marietta, OH. They were very much interested in all parts of Washington County and Morgan Counties both, however at this time they were strictly leasing in Adams and Waterford townships. I'm guessing they are starting leasing in these immediate townships because a large Texas Eastern transmission lines runs directly through both townships. The land company was offering $1250/acre with a 90 day term to market your lease to I assume Devon Energy. At the end of that 90 days they had to either have a lease ready for you or forfeit your agreement. I thought a 90 day term was very resonable. My understanding after speaking to the gentlemen was that Devon Energy had first right or refusal on any tract that he picked up in the area.
Jun 30, 2011
DrillBABY
Jul 11, 2011
Shower Bath
Petroleum Development Company (PDC) entered the Ohio Utica Shale Play with the purchase of 30,000 acres, some in Morgaan.
http://www.msnbc.msn.com/id/44423112
Randy
Sep 7, 2011
Paul Cann
Sep 8, 2011
Shower Bath
Here is an excellent article on Ohio's Utica Shale Play and the O&G companies that are involved. Best....
http://seekingalpha.com/article/292408-utica-shale-oil-play-update
Randy
Sep 8, 2011
Shower Bath
Here is a website on the Utica Shale Play that you might want to mark as a favorite and check back on as time permits.
http://shale.typepad.com/utica_shale/
Randy
Sep 8, 2011
Steven Garris
Does anyone keep track of landowner groups that are forming? I am interested in one for the Windsor/Meigs Township are or for the entire county. Does the County Extension Agent track this activity?
Sep 13, 2011
Olin Hupp
Sep 13, 2011
Shower Bath
Chesapeake released their production numbers for the Ohio Utica Play this morning. Looks good.
http://www.chk.com/News/Articles/Pages/1610725.aspx
Randy
Sep 28, 2011
Olin Hupp
Morgan County Landowners Group is meeting 10/24 @ 6:oo PM in the Morgan High School - All are welcome to attend - Members please try to have your Engagement letter signed as soon as possible
A workshop will be held on 10/17 from Noon - 5 PM in the McConnelsville library to assist anyone needing help completing the Engagement letter with Emens & Wolper our consulting attorneys.
The larger the acreage the better deal we will attain!
Oct 12, 2011
Olin Hupp
Oct 31, 2011
Olin Hupp
Morgan County Land Group will meet on Dec 5 at 6:00 PM in the Morgan County High School - All are welcome to attend. - We are discussing the possibility of combining with the Christie Christie & Wells (John Wells) group to form a stronger group to represent our interest. The combination could easily push our group to represent over 30,000 acres in Morgan County and adjoining areas.
Nov 30, 2011
Olin Hupp
Morgan County Land Group www.mclg.org will meet on Jan 9, 2012 at 6:00 PM in the Morgan County High School - All are welcome to attend - Discussions about combining with other groups are still being developed. Tax planning strategies will be discussed at the meeting.
Dec 20, 2011
Olin Hupp
Morgan County Land Group www.mclg.org The newly combined MCLG Inc. consisting of the MCLG & the CC&W group will have it's first combined meeting on Jan 23 in the Morgan County High School at 6:00 PM. We have reached our 40,000 acre goal and have started a second negotiations group for newer members. All are welcome to attend.
Jan 10, 2012
Nelson E. Yost
Sure been quiet here on the Morgan County site. Hope we will be having fracking parties soon!
Feb 18, 2012
Marinell
Where are the "Rec Lands"? Town / Range / Section?
or Road?
Feb 18, 2012