Please correct me if I'm wrong, but I seem to recall that NELA's lease doesn't require them to pay a bonus payment to the landowner unless and until they flip their leases. But those landowners are irrevocably committed for a 5 year term and can't back out. Jackie, is that correct?
I went to one of their meetings and I thought the min was $2000 per acre and that they would be flipping the lease to a driller. The down side for me was the 5 year commitment and no firm date when that might happen.
They tend to work the fear on water quality. They have the water quality guarantee, that , I have doubts about.
Jackie, I don't think it is accurate to say that NELA is "guaranteeing" at least $2,000 per acre. That applies only if they can find a buyer to flip their leases to. If NELA can't find a buyer (because the O&G companies don't like the lease language, because NELA's acreage is too scattered, because desirable acreage is mixed with undesirable acreage, due to title issues, or due to any other reason), isn't the landowner stuck with a worthless 5-year lease obligation and empty pockets?
By the way, the water clause in ALOV's Trumbull lease is the best I've ever read... even stronger than the language they had in their earlier leases. It is very specific about preserving water quality and quantity. Aren't those landowners far better off having BP's deep pockets contractually obligated to protect their water versus having someone like NELA? Where does NELA get the financial resources to cover all of the liability they are supposedly assuming for all of their landowners?
Jackie, according to my conversation with NELA's own leasing guy (Chris), NELA does not guarantee any payment to the landowner if they can't flip the lease. Please don't mislead landowners on this very important point.
And yes, the landowner is indemnified in the ALOV lease.
On NELA leases - does everyone in the group get the bonus or does the driller get to cherry pick what they want. For example, if the NELA group has collected 20,000 acres does every landowner get accepted and paid? If some have title issues do they get dropped and the driller can keep the good ones?
Saying that if there is a lease on the property renders someone ineligible, I am not sure that is entirely accurate. In many cases, large landowners have old leases that over time, have had the acres held by production reduced to roughly 40 acres around the well which releases the balance of the property available for lease. You are right , it does take a great deal of research to determine that fact but it is well worth it to determine for both the flipper who wants to provide as many acres to a driller as possible and for the landowner to know exactly how much they can lease and how much they can't. is this a NELA rule - you are not eligible if you have current leases or are they saying anyone with an old lease they believe is always held by production for their entire property?
NELA has a no cherry pick rule. I went on my own to make sure that my property is free and clear. I'm confident that Brett and the staff will do their best. Everything that has been predicted by them has happened.
If a lease is expired they can and usually are still attached to the deed. I've worked with several people who have found old, expired leases on land they're purchasing. It really can be a long process, but they've had them expunged from the title. I refer people to the title company and a local attorney who is experienced in the leases. Sometimes if there is a lease that is old and hasn't paid royalties, there is the possibility of having it released. That's not the usual case but a lease attorney can definitely find out.
Agreed - everyone should work with an experienced attorney. My only point is that people with large amounts of property should not assume because there is one well on their property that all acres are HBP. In some cases with multiple parcels, the lease historically becomes reduced to the 40 acres around the well leaving the rest of the acres available and open for leasing. You are right - it can be a very long and tedious process to get through but definitely well worth it. We just can't assume that old leases automatically mean all acres are HBP until proper research is completed.
Alot of those old leases are with companies that don't exist anymore. Chicago Title does a good job in searching oil and gas leases for $350. Jerome Lemiere is a the attorney to see about oil and gas leases. He runs around $200-$250 an hour. Jackie..... how much is land in Ashtabula going for with mineral rights? Also without?
If you go to the court house you can obtain any current or old leases that have been on your property. Don't pay a ton of money on information that is public knowledge. I only say this because I've already done this. It's around 25 cents per page.
Sometimes the title search has become a bit lengthy and complicated for the title company. How far back do you follow the chain of title? If you can do that on your own--great!
Until this is realistic in our county, this is a cheap way with some time invested, to research your land. As far as I know, nothing has been proven in this county.
good point, i am still a little skeptical as you are the way my luck has went everyone around me will get leased and be getting large royality checks and i will get passed up. dont forget the power plant in conneaut , nascar track in ashtabula county that were rumored to be built also, that nothing ever happened with
RKR Resources will be holding an informational meeting for landowners on Thursday, April 19 at 7:30 pm at the Senior Center in the Village of Jefferson. The center is located on 11 East Jefferson Street, Jefferson, Ohio 44047. The meeting is expected to last one hour. If you are interested in attending or have questions relating to the event, please contact Aaron Rohlfing by email at arohlfing@rkrresources.com or by phone at (443) 939- 2494. We hope to see you there!
Thought I'd write to sum things up for my own benefit and for the benefit of anyone that can find value in this post.
There are alot of Land Departments out there.
There's NELA the Northcoast Environmental Landownders Association unknown affiliation maybe any and all maybe environmentalists only, and I don't know how they would be paid for selling one of their Lease Agreements.
There's ALOV the Associated Landowners of the Ohio Valley as far as I know not involved in Ashtabula County as Buckeye Mineral Development was formed by them to facilitate different payment plans - ALOV is supposed to be not for profit but that tells me a good guess would be that they're paid by the Developer perhaps a top cut from Landowner $ per acre Signing Bonuses and perhaps plus some of the Royalties; also, they signed up Trumbull County Landowners with BP.
There's Buckeye Mineral Development with unknown affiliation maybe any and all. Buckeye is supposed to get paid 2 3/4% of the Landowner Signing Bonus as I gather.
There's EALA the Eastern Ashtabula Landowners Association with unknown affiliation but, assuming any and all; and I personally don't know how they would be paid.
There's Wishguard with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.
There's Gas Lease Professionals with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.
There's Holland Land Services affiliated with Shell; and once again I personally don't know how they would be paid.
There's CGAS affiliated with EnerVest; with their payment plan once again unknown.
There's RKR Resources, LLC. From what I gather they sell to any and all developers and are paid by the Developer they finally sell to.
My brain tells me that no matter what the payment is to the Land Department it always comes out of the resource production which is coming from the oil and gas developed from the Landowner's acreage.
That to me means the Landowner pays the Land Department for the privelege of the Toot Sweet Lease he/she has decided to use.
Having finally gotten it somewhat straight in my brain I'll let it go for now.
You almost have that correct, ALOV signed the Trumbull county group, not Buckeye Mineral Development. The Trumbull County members paid 60$ to join the ALOV group. This was the last group under the non profit heading. Buckeye Mineral Development was formed by the founder of ALOV and will operate as a for profit at 2.75% of signing bonus. Buckeye Mineral Development is working with other groups Eastern Ohio as well as Ashtabula County.
Nothing is free with this oil and gas leasing, some one pays one way or the other.
I know nothing is free with oil and gas but the resource and therefore the money comes out of the Landowners ground - we as Landowners can't forget that - we should always remember that we as Landowners pay for it.
I finally had it right about ALOV signing Trumbull but just the same thanks for the other clarifications.
Being 'not for profit' doesn't necessarily mean that ALOV wasn't paid more than the 3900.00 per acre since the folks that work for ALOV would earn money as salary for their services. Once you pay the salary to your employees and break even you don't show profit - thereby the 'not for profit' moniker fits !
I may look young but by the same token I wasn't born yesterday either !
That's why Buckeye Mineral Development was formed , Bob Rea could not continue to work for free. Actually the 3900$ being no percentage was taken out , members got to keep more than if they would have signed with a group that had taken a % of the signing bonus, all things being equal. Looks like the group got a lot for their 60$ fee. What's that about 10 minutes of lawyer time if you tried to get a deal done on your own?
Well , guess we will need to agree to disagree on this one. The 60$fee members paid generated the money to operate. I believe the members got the full amount , but that's just my opinion. But with Big business and all the money, anything is bound to happen.
Oh well, that's what I get for being to optimistic. It's been a good discussion though.
Believe it or not I also call myself an optimist (but, only because I'm not a pessimist).
Reality and the dollar being what they are/what I've learned them to be - I always look both ways before crossing and continually check my rear view and side view mirrors !
Still, there are too many times that I suddenly become aware of the unforeseen / unforeseeable.
Like I said earlier - Good Luck To Us All - especially insofar as this oil and gas business is concerned. Seems to me, from it's origin, it's always been leaning to favor the big dogs.
ALOV provided its services for free. They were formed by landowners, for landowners. In Trumbull, the $60 fee was actually $135... it was $60 up front, plus $75 at lease signing. The $135 primarily went to the multiple attorneys that they had represent the ALOV landowners (for their many months of work), with the rest to cover the group's costs. ALOV did not receive any other payments... not from landowners, and not from BP. They did get BP to pay for digitizing the Trumbull County Recorder's records. The ALOV "staff" were volunteers. They deserve much appreciation!
EALA is just a coalition of landowners in Ashtabula. They intend to have Bob Rea of Buckeye Mineral represent its landowners to negotiate an ALOV-like deal. Those landowners will sign up individually with Buckeye Mineral, whose only fee is 2.75% of the bonus payment, but not a slice of the landowner's royalty unlike many other so-called landowner groups (i.e. lease flippers). I believe that Buckeye Mineral is clearly the landowners best option in Ashtabula. It will probably pick up a good bit of the landowners who jumped on the Wishgard bandwagon... it appears that Wishgard is paying bonus payments to a few of its landowners just so they can say they are "paying", and the rest are being asked to sign extensions. Unfortunately, anyone who signed with NELA is stuck for 5 years. I personally doubt that NELA has enough acreage to be saleable, but honestly I don't know their totals.
has anyone heard antythin postitve or negative as to the findings of the test well in rome ? i figure that the ones doing the testing dont want the info to leak out due to the money they invested to perform the test
For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:
1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.
2. The Utica Thickness Factor is a hefty 300 to 350 feet.
3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.
4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.
So, I for one am thinking the 'Core Samples' will return high marks.
Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica - and (correcting my earlier comments) those (in the eastern half of Ohio) are the Beekmantown Dolomite - Rose Run Sandstone and the Copper Ridge/Trempealeau Dolomite formations.
Thanks for the info. pertaining to in general the formation of oil reservoirs and the drilling and recovery from those reservoirs (pools). Very informative.
As I understand all of these new efforts in 'shale plays' however, things are quite different in that they fragment the shale to allow the oil and gas to flow through the rock more easily toward the well vertical where they rise to the surface and are recovered. One key statement made in much of the literature that I read is that the Utica Shale for instance is the 'source rock' that rendered the earlier most easily recoverable 'pools' and with new technology can be developed to recover the resources within.
I envision the Utica Shale as laden with oil, natural gas and natural gas condensate (wet gas); acting like a soaked sponge so to speak.
is their any one paying in northern ashtabula county in a realistic time frame i have 117 acres with clear title and wishgards time is up and they want a 30 day extention
I'm signing up another 22 acres that I purchased last week with NELA. Look up their website. nelashale.org. They got a nice chunk of properties signed and are looking to do a deal by this fall. They have been contacted by several companies. I also have signed 48.5 acres with them. I am on State Rt. 6.
Don , I haven't heard of anything up this way. Don't know how North you are but the rumor always has been the Point Pleasant layer thins out above Rt 84 so not as valuable. Might want to catch the EALA meeting in Andover tomorrow, hope to hear the latest news. Try to get as much information as you can so you can make a informed decision no matter who you sign with.
The Landowners Association of Geauga Lake and Ashtabula Counties will be having a meeting Thursday July 12th at Ledgemont Middle School 16200 Burrows Rd Thompson. The meeting will start at 6:00 PM. If you are not already a member of a landowner group, join us for this informational meeting. Bob Rea will be the featured speaker and will bring us information regarding leasing.
Casey O'Brien
I have a client who is leasing water resources throughout the Utica play. I sent you a friend request if you are interested in learning more.
Apr 1, 2012
Dan
Michael, not a lake , but a a hand full of constructed wetlands , keeps me out of trouble. BTW 325,851 gallon to cover a acre with one foot of water.
Apr 2, 2012
Michael Kromer
Dan, Thanks for the gallon to acre ratio. I had no idea. Extremely useful.
Apr 2, 2012
Depolarized Farmer
Please correct me if I'm wrong, but I seem to recall that NELA's lease doesn't require them to pay a bonus payment to the landowner unless and until they flip their leases. But those landowners are irrevocably committed for a 5 year term and can't back out. Jackie, is that correct?
Apr 3, 2012
Dan
I went to one of their meetings and I thought the min was $2000 per acre and that they would be flipping the lease to a driller. The down side for me was the 5 year commitment and no firm date when that might happen.
They tend to work the fear on water quality. They have the water quality guarantee, that , I have doubts about.
Apr 3, 2012
hunter4440
I was recently told that some landowners began receiving checks from Wishguard. Can anyone out there confirm that. thanks..
Apr 3, 2012
Adam Thomas
Apr 3, 2012
Depolarized Farmer
Jackie, I don't think it is accurate to say that NELA is "guaranteeing" at least $2,000 per acre. That applies only if they can find a buyer to flip their leases to. If NELA can't find a buyer (because the O&G companies don't like the lease language, because NELA's acreage is too scattered, because desirable acreage is mixed with undesirable acreage, due to title issues, or due to any other reason), isn't the landowner stuck with a worthless 5-year lease obligation and empty pockets?
By the way, the water clause in ALOV's Trumbull lease is the best I've ever read... even stronger than the language they had in their earlier leases. It is very specific about preserving water quality and quantity. Aren't those landowners far better off having BP's deep pockets contractually obligated to protect their water versus having someone like NELA? Where does NELA get the financial resources to cover all of the liability they are supposedly assuming for all of their landowners?
Apr 4, 2012
Depolarized Farmer
Jackie, according to my conversation with NELA's own leasing guy (Chris), NELA does not guarantee any payment to the landowner if they can't flip the lease. Please don't mislead landowners on this very important point.
And yes, the landowner is indemnified in the ALOV lease.
Apr 4, 2012
Susan Johnson
On NELA leases - does everyone in the group get the bonus or does the driller get to cherry pick what they want. For example, if the NELA group has collected 20,000 acres does every landowner get accepted and paid? If some have title issues do they get dropped and the driller can keep the good ones?
Apr 4, 2012
Susan Johnson
Saying that if there is a lease on the property renders someone ineligible, I am not sure that is entirely accurate. In many cases, large landowners have old leases that over time, have had the acres held by production reduced to roughly 40 acres around the well which releases the balance of the property available for lease. You are right , it does take a great deal of research to determine that fact but it is well worth it to determine for both the flipper who wants to provide as many acres to a driller as possible and for the landowner to know exactly how much they can lease and how much they can't. is this a NELA rule - you are not eligible if you have current leases or are they saying anyone with an old lease they believe is always held by production for their entire property?
Apr 4, 2012
Michael Kromer
NELA has a no cherry pick rule. I went on my own to make sure that my property is free and clear. I'm confident that Brett and the staff will do their best. Everything that has been predicted by them has happened.
Apr 4, 2012
Jackie
If a lease is expired they can and usually are still attached to the deed. I've worked with several people who have found old, expired leases on land they're purchasing. It really can be a long process, but they've had them expunged from the title. I refer people to the title company and a local attorney who is experienced in the leases. Sometimes if there is a lease that is old and hasn't paid royalties, there is the possibility of having it released. That's not the usual case but a lease attorney can definitely find out.
Apr 4, 2012
Susan Johnson
Agreed - everyone should work with an experienced attorney. My only point is that people with large amounts of property should not assume because there is one well on their property that all acres are HBP. In some cases with multiple parcels, the lease historically becomes reduced to the 40 acres around the well leaving the rest of the acres available and open for leasing. You are right - it can be a very long and tedious process to get through but definitely well worth it. We just can't assume that old leases automatically mean all acres are HBP until proper research is completed.
Apr 4, 2012
Michael Kromer
Alot of those old leases are with companies that don't exist anymore. Chicago Title does a good job in searching oil and gas leases for $350. Jerome Lemiere is a the attorney to see about oil and gas leases. He runs around $200-$250 an hour. Jackie..... how much is land in Ashtabula going for with mineral rights? Also without?
Apr 4, 2012
Bryan
If you go to the court house you can obtain any current or old leases that have been on your property. Don't pay a ton of money on information that is public knowledge. I only say this because I've already done this. It's around 25 cents per page.
Apr 4, 2012
Jackie
Just make sure you know how to follow the chain of title back at lease 100 years. It can become complicated in a hurry.
Apr 4, 2012
Bryan
You can look at the history of your property for free. It only costs 25 cent if you make copies.
Apr 4, 2012
Jackie
Sometimes the title search has become a bit lengthy and complicated for the title company. How far back do you follow the chain of title? If you can do that on your own--great!
Apr 4, 2012
Bryan
Until this is realistic in our county, this is a cheap way with some time invested, to research your land. As far as I know, nothing has been proven in this county.
Look at your deed. It says a lot.
Apr 4, 2012
Clay Nielsen
Just got a postcard from Mineral Rights Group, NE about some meetings next week...anyone have information about them?
Apr 5, 2012
Adam Thomas
Apr 6, 2012
Michael Kromer
Bryan........... This isn't coming to Ashtabula. It is not realistic..... This is not a question of IF but WHEN..... as well as how BIG its gonna get.
Apr 6, 2012
Dan
That's what they said when US Steel was going to build the steel plant along lake Erie in Conneaut.
Apr 6, 2012
brynmore
dan
good point, i am still a little skeptical as you are the way my luck has went everyone around me will get leased and be getting large royality checks and i will get passed up. dont forget the power plant in conneaut , nascar track in ashtabula county that were rumored to be built also, that nothing ever happened with
Apr 7, 2012
Aaron Rohlfing
Good Afternoon,
RKR Resources will be holding an informational meeting for landowners on Thursday, April 19 at 7:30 pm at the Senior Center in the Village of Jefferson. The center is located on 11 East Jefferson Street, Jefferson, Ohio 44047. The meeting is expected to last one hour. If you are interested in attending or have questions relating to the event, please contact Aaron Rohlfing by email at arohlfing@rkrresources.com or by phone at (443) 939- 2494. We hope to see you there!
Apr 17, 2012
Dain Liard
Apr 18, 2012
Helen
Wishgard is paying...first check arrived today for Geauga co property
Apr 19, 2012
Joseph-Ohio
Thought I'd write to sum things up for my own benefit and for the benefit of anyone that can find value in this post.
There are alot of Land Departments out there.
There's NELA the Northcoast Environmental Landownders Association unknown affiliation maybe any and all maybe environmentalists only, and I don't know how they would be paid for selling one of their Lease Agreements.
There's ALOV the Associated Landowners of the Ohio Valley as far as I know not involved in Ashtabula County as Buckeye Mineral Development was formed by them to facilitate different payment plans - ALOV is supposed to be not for profit but that tells me a good guess would be that they're paid by the Developer perhaps a top cut from Landowner $ per acre Signing Bonuses and perhaps plus some of the Royalties; also, they signed up Trumbull County Landowners with BP.
There's Buckeye Mineral Development with unknown affiliation maybe any and all. Buckeye is supposed to get paid 2 3/4% of the Landowner Signing Bonus as I gather.
There's EALA the Eastern Ashtabula Landowners Association with unknown affiliation but, assuming any and all; and I personally don't know how they would be paid.
There's Wishguard with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.
There's Gas Lease Professionals with unknown affiliation maybe any and all; and once again I personally don't know how they would be paid.
There's Holland Land Services affiliated with Shell; and once again I personally don't know how they would be paid.
There's CGAS affiliated with EnerVest; with their payment plan once again unknown.
There's RKR Resources, LLC. From what I gather they sell to any and all developers and are paid by the Developer they finally sell to.
My brain tells me that no matter what the payment is to the Land Department it always comes out of the resource production which is coming from the oil and gas developed from the Landowner's acreage.
That to me means the Landowner pays the Land Department for the privelege of the Toot Sweet Lease he/she has decided to use.
Having finally gotten it somewhat straight in my brain I'll let it go for now.
Apr 20, 2012
Dan
You almost have that correct, ALOV signed the Trumbull county group, not Buckeye Mineral Development. The Trumbull County members paid 60$ to join the ALOV group. This was the last group under the non profit heading. Buckeye Mineral Development was formed by the founder of ALOV and will operate as a for profit at 2.75% of signing bonus. Buckeye Mineral Development is working with other groups Eastern Ohio as well as Ashtabula County.
Nothing is free with this oil and gas leasing, some one pays one way or the other.
Apr 20, 2012
Joseph-Ohio
Thanks for the clarification Dan.
I know nothing is free with oil and gas but the resource and therefore the money comes out of the Landowners ground - we as Landowners can't forget that - we should always remember that we as Landowners pay for it.
Same as earning any money.
No product - no money.
Good luck to us all !
Apr 20, 2012
Joseph-Ohio
Dan,
I finally had it right about ALOV signing Trumbull but just the same thanks for the other clarifications.
Being 'not for profit' doesn't necessarily mean that ALOV wasn't paid more than the 3900.00 per acre since the folks that work for ALOV would earn money as salary for their services. Once you pay the salary to your employees and break even you don't show profit - thereby the 'not for profit' moniker fits !
I may look young but by the same token I wasn't born yesterday either !
Joe
Apr 20, 2012
Dan
That's why Buckeye Mineral Development was formed , Bob Rea could not continue to work for free. Actually the 3900$ being no percentage was taken out , members got to keep more than if they would have signed with a group that had taken a % of the signing bonus, all things being equal. Looks like the group got a lot for their 60$ fee. What's that about 10 minutes of lawyer time if you tried to get a deal done on your own?
Apr 20, 2012
Joseph-Ohio
Dan,
Honestly, I don't think Bob or anyone at ALOV worked a minute for nothing.
I'm just saying that I think ALOV got paid more than the 3900.00 to begin with so as to enable paying Bob and others for their time.
I'm thinking there's what was paid to ALOV (more than 3900.00) and then there's the 3900.00 paid to the Landowners.
How can anyone work for nothing ?
Answer is they don't.
Not saying it's wrong to get paid for work - not saying that at all.
Just acknowledging that more money must have changed hands than the 3900.00 to allow ALOV a margin to pay their people for their work.
Oh well, unless an ALOV employee we'll never know the bottom line of that transaction.
Apr 20, 2012
Dan
Well , guess we will need to agree to disagree on this one. The 60$fee members paid generated the money to operate. I believe the members got the full amount , but that's just my opinion. But with Big business and all the money, anything is bound to happen.
Oh well, that's what I get for being to optimistic. It's been a good discussion though.
Apr 20, 2012
Joseph-Ohio
Dan,
It's ok to disagree.
It's ok to be optimistic.
Believe it or not I also call myself an optimist (but, only because I'm not a pessimist).
Reality and the dollar being what they are/what I've learned them to be - I always look both ways before crossing and continually check my rear view and side view mirrors !
Still, there are too many times that I suddenly become aware of the unforeseen / unforeseeable.
Like I said earlier - Good Luck To Us All - especially insofar as this oil and gas business is concerned. Seems to me, from it's origin, it's always been leaning to favor the big dogs.
Apr 21, 2012
Depolarized Farmer
Joseph,
ALOV provided its services for free. They were formed by landowners, for landowners. In Trumbull, the $60 fee was actually $135... it was $60 up front, plus $75 at lease signing. The $135 primarily went to the multiple attorneys that they had represent the ALOV landowners (for their many months of work), with the rest to cover the group's costs. ALOV did not receive any other payments... not from landowners, and not from BP. They did get BP to pay for digitizing the Trumbull County Recorder's records. The ALOV "staff" were volunteers. They deserve much appreciation!
EALA is just a coalition of landowners in Ashtabula. They intend to have Bob Rea of Buckeye Mineral represent its landowners to negotiate an ALOV-like deal. Those landowners will sign up individually with Buckeye Mineral, whose only fee is 2.75% of the bonus payment, but not a slice of the landowner's royalty unlike many other so-called landowner groups (i.e. lease flippers). I believe that Buckeye Mineral is clearly the landowners best option in Ashtabula. It will probably pick up a good bit of the landowners who jumped on the Wishgard bandwagon... it appears that Wishgard is paying bonus payments to a few of its landowners just so they can say they are "paying", and the rest are being asked to sign extensions. Unfortunately, anyone who signed with NELA is stuck for 5 years. I personally doubt that NELA has enough acreage to be saleable, but honestly I don't know their totals.
Apr 21, 2012
Joseph-Ohio
To Depolarized Farmer,
Thanks for taking the time to add to the discussion and provide your recommendation - I certainly appreciate all input.
Still looking both ways, checking all mirrors and studying the road ahead as best as I'm able.
Joe
Apr 21, 2012
brynmore
has anyone heard antythin postitve or negative as to the findings of the test well in rome ? i figure that the ones doing the testing dont want the info to leak out due to the money they invested to perform the test
May 17, 2012
Joseph-Ohio
http://www.pickensplan.com/news/2012/05/17/morning-joe-becoming-ene...
Watch and listen to T. Boone Pickens at the above link.
May 18, 2012
Rick
Test well in Rome still operating when I drove past this morning (5/18).
May 18, 2012
Joseph-Ohio
Delete Comment
For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:
1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.
2. The Utica Thickness Factor is a hefty 300 to 350 feet.
3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.
4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.
So, I for one am thinking the 'Core Samples' will return high marks.
Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica (Trenton-Beekmantown and Rose Run).
Let's All Think Positive !
May 20, 2012
Joseph-Ohio
Delete Comment
Delete Comment
For what it's worth to any readers, as I interpret the Ohio Geological Survey Reports and Maps:
1. All of the shallow oil pools (Clinton) originated from the Utica 'Source Rock'.
2. The Utica Thickness Factor is a hefty 300 to 350 feet.
3. The 'TOC', 'S1' and 'S2' factors listed on some of the Maps read 'Good' to 'Very Good' to 'Excellent'.
4. The color shaded 'Core Area' map reports 'Very Good' to 'Excellent'.
So, I for one am thinking the 'Core Samples' will return high marks.
Then I see that there's also the seismic tests being performed searching the Knox formations below the Utica - and (correcting my earlier comments) those (in the eastern half of Ohio) are the Beekmantown Dolomite - Rose Run Sandstone and the Copper Ridge/Trempealeau Dolomite formations.
Let's All Think Positive !
May 20, 2012
landlubber
Basic info on drilling
May 25, 2012
Joseph-Ohio
@ landlubber:
Thanks for the info. pertaining to in general the formation of oil reservoirs and the drilling and recovery from those reservoirs (pools). Very informative.
As I understand all of these new efforts in 'shale plays' however, things are quite different in that they fragment the shale to allow the oil and gas to flow through the rock more easily toward the well vertical where they rise to the surface and are recovered. One key statement made in much of the literature that I read is that the Utica Shale for instance is the 'source rock' that rendered the earlier most easily recoverable 'pools' and with new technology can be developed to recover the resources within.
I envision the Utica Shale as laden with oil, natural gas and natural gas condensate (wet gas); acting like a soaked sponge so to speak.
May 25, 2012
Michael Kromer
Jun 8, 2012
Don Andrus II
is their any one paying in northern ashtabula county in a realistic time frame i have 117 acres with clear title and wishgards time is up and they want a 30 day extention
Jun 24, 2012
Michael Kromer
I'm signing up another 22 acres that I purchased last week with NELA. Look up their website. nelashale.org. They got a nice chunk of properties signed and are looking to do a deal by this fall. They have been contacted by several companies. I also have signed 48.5 acres with them. I am on State Rt. 6.
Jun 25, 2012
Dan
Don , I haven't heard of anything up this way. Don't know how North you are but the rumor always has been the Point Pleasant layer thins out above Rt 84 so not as valuable. Might want to catch the EALA meeting in Andover tomorrow, hope to hear the latest news. Try to get as much information as you can so you can make a informed decision no matter who you sign with.
Jun 25, 2012
Roy Greig
The Landowners Association of Geauga Lake and Ashtabula Counties will be having a meeting Thursday July 12th at Ledgemont Middle School 16200 Burrows Rd Thompson. The meeting will start at 6:00 PM. If you are not already a member of a landowner group, join us for this informational meeting. Bob Rea will be the featured speaker and will bring us information regarding leasing.
Jun 25, 2012