Does anyone know how to find out if you are part of a block? When we signed at the end of Jan. we were the only ones in our immidiate area that would sign. Now we are not sure how to find that out?
my property is in a combined oil and gas lease.i have been contacted by chesapeake energy that they have bought the deep drilling rights from the current lessor,they said they need me to sign a lease with them for the deep mineral rights since the orginal lease does not have them in it.they are offering 12 percent royalty with no sign on bonus.does this seem right and has anyone heard of this , i need help.
AMOS OMG NO!! That's highway robbery. Others are getting anywhere from $3,850 - $5,800 per acre and 18-19% GROSS Royalties. Tell them to sweeten the pot or don't sign. You're in the driver seat, don't let them bullshit you and make you think you're not.
im not really for signing a lease for drilling but everyone around me is signing up and i figure they are going to come very close to me and mayble i should sign and just get the royalites.i only have 7 acres and they said they would not put a well on it and the well they intend to drill is a mile away,what do you guys think.
Does anyone know what osnaburg twp, is getting now? I know they started at $200 and acre than $350 than $500, $750 and last was $1000 for 5 yrs. more for 10 yrs. They sure played a game and would like to know what it is up to now. Thanks
Nate, I never said that amount was in Stark Co. But I know for a fact that in surrounding counties landowners are getting those terms. The most I've heard currently in Stark is $3250 and 17% Gross.
If you can wait until Spring, I think you will see lease bonuses move into the $5,000. range and 20% royalty. Hey, what is another 90-120 days to maybe get another $1,800. per acre. If you are getting a written drilling commitment, what's the rush? Look around you, each and every county has seen large lease bonus increases, always after the beginning of a new year.
Nate. I'll call you tomorrow. What some people dont understand are different areas are hotter than others. Sometimes because of the depth of minerals or if it's gas....oil.....or wet gas, etc. There are SEVERAL reasons as to why bonus is higher in one area than the other. Also, not all shale plays are the same.......
There are so many more factors that goes into buying leases that mineral owner are not aware of and sometimes they miss the boat and the time has passed them by because they were "too" stubon and thinking that everyone is goin to get the same bonus. It's funny when people relate the Utica Shale play to the Eagle Ford........ALL shale plays are different and handled different because of this reasons.
Just a Lil FYI....
I am an independent Landman that relationships with operators large and small. These companies come to us to get leases for them. It's sometimes hard to find people with good honest work ethics hat care about the mineral owners also. PLUS...... half of my family live in Ohio in the River Valey.
Can anyone suggest a qualified oild and gas attorney that is working in this area. I have a client that wants to deal locally and doesn't know who to contact. Name and numbers would be appreciated.
Forum on tax, legal, estate and investment implications of oil & gas leases. Free and open to the public - Saturday February 25, 2012 at 10 am at St John's Villa - The Gathering Room 701 Crest Street, Carrollton, Ohio. Brief presentations and open for questions and answers.
Speakers include:
Dave Groves, Tax Partner and Dave Supelak, Sr. Tax Manager of Bruner-Cox LLP, Canton, Ohio
jeannie
Jul 29, 2011
Jim Harber
Steve,
The usual going rate for a pad is $15,000. and $12,500. for a containment pond, paid by Chesapeake.
Sep 21, 2011
jeannie
Sep 21, 2011
Finnbear
The article linked below was in the Wednesday Akron Beacon Journal. CHK filed 1046 leases with the county on Monday.
Stark has record-setting day for drilling leases
Dec 8, 2011
Nate
Dec 8, 2011
amos alexander
my property is in a combined oil and gas lease.i have been contacted by chesapeake energy that they have bought the deep drilling rights from the current lessor,they said they need me to sign a lease with them for the deep mineral rights since the orginal lease does not have them in it.they are offering 12 percent royalty with no sign on bonus.does this seem right and has anyone heard of this , i need help.
Dec 19, 2011
Stark County Land Owner
AMOS OMG NO!! That's highway robbery. Others are getting anywhere from $3,850 - $5,800 per acre and 18-19% GROSS Royalties. Tell them to sweeten the pot or don't sign. You're in the driver seat, don't let them bullshit you and make you think you're not.
Dec 19, 2011
Nate
Where in Stark county are they getting $3850-$5800?
Dec 19, 2011
amos alexander
im not really for signing a lease for drilling but everyone around me is signing up and i figure they are going to come very close to me and mayble i should sign and just get the royalites.i only have 7 acres and they said they would not put a well on it and the well they intend to drill is a mile away,what do you guys think.
Dec 20, 2011
Tracy Packer
Dec 20, 2011
jeannie
Does anyone know what osnaburg twp, is getting now? I know they started at $200 and acre than $350 than $500, $750 and last was $1000 for 5 yrs. more for 10 yrs. They sure played a game and would like to know what it is up to now. Thanks
Dec 20, 2011
Stark County Land Owner
Nate, I never said that amount was in Stark Co. But I know for a fact that in surrounding counties landowners are getting those terms. The most I've heard currently in Stark is $3250 and 17% Gross.
Dec 20, 2011
Finnbear
Stark County Landowner,
Do you have contact info for the $3250, 17% gross offer?
Dec 20, 2011
DG Paris Twp
Stark County Landowner
Where are you located in Stark County?
Dec 20, 2011
Nate
Tracy, can you hook me up with a deal? I'll sign for 3200 18%
Dec 20, 2011
James Harber
If you can wait until Spring, I think you will see lease bonuses move into the $5,000. range and 20% royalty. Hey, what is another 90-120 days to maybe get another $1,800. per acre. If you are getting a written drilling commitment, what's the rush? Look around you, each and every county has seen large lease bonus increases, always after the beginning of a new year.
Dec 20, 2011
Tracy Packer
There are so many more factors that goes into buying leases that mineral owner are not aware of and sometimes they miss the boat and the time has passed them by because they were "too" stubon and thinking that everyone is goin to get the same bonus. It's funny when people relate the Utica Shale play to the Eagle Ford........ALL shale plays are different and handled different because of this reasons.
Just a Lil FYI....
Dec 20, 2011
Stark County Land Owner
Dec 20, 2011
Tracy Packer
Dec 21, 2011
harry frank
Total Buys $2.3B Utica Shale Oil and Gas Stake
Jan 3, 2012
Jeffrey Geiger
Can anyone suggest a qualified oild and gas attorney that is working in this area. I have a client that wants to deal locally and doesn't know who to contact. Name and numbers would be appreciated.
Jan 6, 2012
Daniel Riemenschneider CPA
Forum on tax, legal, estate and investment implications of oil & gas leases. Free and open to the public - Saturday February 25, 2012 at 10 am at St John's Villa - The Gathering Room 701 Crest Street, Carrollton, Ohio. Brief presentations and open for questions and answers.
Speakers include:
Dave Groves, Tax Partner and Dave Supelak, Sr. Tax Manager of Bruner-Cox LLP, Canton, Ohio
Attorneys from Parker Leiby Hanna & RasnickLLC
Tom Jackson of Tom Jackson Commerical Realty
Investment Advisors
Feb 9, 2012
rob
rig set up at site on fohl road, just noticed it this morning while heading north on interstate, beautiful sight to see.
Feb 21, 2012
jason
Rig is being set up at the Ronald Smith well in Paris Township
Apr 26, 2012
BrianH
Comment by BrianH2 hours ago Delete Comment
interesting article
Stark County well’s oil production has CEO gushing
http://www.ohio.com/news/local-news/stark-county-well-s-oil-product...
Aug 15, 2012