Trumbull County, OH

Any more updates on the Alov deal in Trumbull county?

By the decreasing amount of traffic and purposefull interaction by the friendly's on this site, and by my own observations, i feel this site is quickly becoming irrelavent in our quest for a good lease and a fair price for access to our land and its riches. Any comments would be appreciated.

I am curious if anyone who has gotten a lease done and or gotten their Bonus money, is still checking in here?

Just a note for everyone out there.  had a neighbor from just over the geauga county line come and ask me a question about a seemingly new company in the area called lario out of colorado.  They are offering 300.00 and 12% but with a new twist of giving free houshold gas.  They are claiming to be looking for utica has and seem to be targeting non leased ground and not going east of the county line "at this time".

Thats what i told them.  The company looks legit on-line but they seem to be working the wishguard line looking for those that are not educated on this stuff.  Just thought everyone should know there is another low-baller in town.

Anyone hear anything about the ALOV group in trumbull county

I signed a lease with Wellington Resources, LLC in July, 2011.  My signing bonus was due last week, but has not been paid.  I was told that the cost  of gas was so low that they were unable to sell my lease, and that I would have to wait, otherwise, they would lose money if they paid me now.  The gentleman I spoke with was very open that it was within my rights to try and shop my lease on my own, but recommended against doing so.  Has anyone else in Trumbull County actually been paid a signing bonus?  Not sure what to do at this point.

Tom,

Thanks for the feedback.  Do you have contact info for Buckeye?

Never mind, got it.  Thanks again.

Hello,

I live in near Toledo Ohio and own 5 acres of property along Rt 5 about 3 miles south of Kinsman. Might any of my Trumbull County friends share with me the latest area news?  I plan to drive to Warren next month to speak with an attorney about all this and would like an update, plus any important questions, insights or suggestions you may have.

 I'll post on the Trumbull Co boards what the attorney shares with me. Being informed and united is the best way to help each other.  And with that in mind, I thank you for all your posts! 

Gina, The best advice i know of is try to join a landowner group. I've been reading alot about this stuff and the best way to get the best lease is in a group. I know i have had alot of landman knocking at my door and they are like salesman and will tell you anything to get you to sign. Just be aware.

Has anyone heard of a company called Shale Investment Fund leasing property in trumbull county? I received a letter from them offering $3000 an acre and 17% royalty. I don't know how long the lease is for it don't say. I will just wait for ALOV I trust them.

I also got that letter, and I know of several others who recieved it too. We are all members of ALOV, and we plan on being patient. It's a complicated business and I trust ALOV also. I hope we get some good news soon.

My personal ( yet uninformed opinion ) Is that the gas companies are waiting to see more from this area ( aka test well in Parkman ) and that will help determine the interest in Trumbull. seeing as how the Parkman area has been poked at we will see results from ALOV soon. Just my $0.02

Side note as my OCD is kicking in.

Can someone please teach ALOV how to spell Trumbull on their sight.....

We received a letter from Shale Investment Fund as well.  Got online and could not find much on them.  That is the 3rd and highest offer in 4 months, but have no plans on signing with them.

Richard,

  I also received a letter from them. Did your letter tell you how long the lease was for? Mine did not.  Thanks,  Tom

Why are people listening to, and believing all of the lies and cover-ups of the oil and gas companies? Have any of you even thought about the reality instead of the money? I don't think so. Look try to watch this GASLAND.

occupy warren presents:
The Series of occupy concerns:
the gas man is coming

On March 3, 2012 Occupy Warren is holding an informational meeting on the booming oil & gas industry.
We will begin with an opening speech, and then move on to multiple informational videos.
We will then open up the floor to any questions from the public
All are invited to come, enjoy, and learn.
Knowledge is the greatest tool to man.
#solidarity

Tom, no, ours did not either, just a number to call if we are interested. 

In November 2011, PAC energy offered us 2000/arce.  Also in Novermber Campbell Development offered 2000 then 2400 then 2500/acre.  Have 69 to lease (brookfield twp). 

I have a farm in mercer county we signed with hilcorp in december for 3250 and happy with that. 

Very surprised I have not got an offer on a lease in Trumbull as good as my Transfer Pa property.  Have 170acres in Crawford County pa and have no offers at all yet.  - Rick

Richard, May I ask how long the lease was for with the other offers?

Tom,  PAC was ten years with a lease no one in their right mind would sign.

The Campbell Dev. lease was 5 and 5, once again, the lease was not acceptable at all.

Mercer  county lease 5 and 5  - Rick

Rick, Thanks for the info.

Tri-State Energy recently held meetings for residents in Fowler, Brookfield, etc.  They were offering $3000 an acre.  They promised to pay within 90 day of signing their lease.  They claim, through one of their representatives, that Chesapeak has pulled out and they're taking over.  I learned that Tri-State Energy had been bought and sold a number of times.  They currently own all the Circle K's and 76 Gas Stations.  They also own a large number of oil refineries and oil service supplies.  However, a few years back, they were in Colorado frack drilling with Exon and went belly up when Exon pulled out.  TSE took out a $1.1 million loan from the federal government to help them recover and defaulted on it.  Chesapeak is having financial difficulties and has ceased making  offers at this time.  So, if people are not getting lease offers at this time, it is not because our area has limited potential.  These companies are having money woes.

Any updates for the Trumbull county ALOV group?

Hearing some chatter, but its changed from "two more weeks" and then to "We will be sending letters out this week and by the second week in Feb. we will have the meeting", the new one is "Letters will be going out sometime in March, but having hard time finding a meeting location" (BTW Katie Rea told me in Dec. 2011 that the meeting location would most prob. be again at Packard Music Hall and that the letters were ready to go out.)

I had felt my trust was well placed, have defended the leadership of our group when i could, been patient and tried to persuade others to be as well, but i must say being strung along this way is getting very old.

Kevin, But it still doesn't hurt to know what is going on around you.

Any Info. on trumbull county ALOV group?

Got the letter today. Monday March 26 will be the ALOV meeting at Covelli Centre. 6:30pm

Tom, Check your mail!!!!!

I am very disappointed with the information contained in the ALOV packet.

What was the info in the Alov packet?

Tom, not much info was in the packet, pretty much told us the date, time, and place of the meeting

Thanks

what is bad about the new alov lease whats missing?  Are they talking same kind of bonus other counties got?

Wow not much talking going on here.

hey they got 3000 and 15% holmes county

we looking for the holes in the lease

Who got that for Holmes county

devron energy

there was know core sampling done or a well and thats what they got.

ok thanks

are you going to the meeting?

anyone going to trhe meeting?

The meeting the 26th i am going to. I'm part of the trumbull county group

we you help us learn who the driller and was it buckeye who was the land person who put this together.

And I'd really also like to know who they are signing with!  What driller and what leasing agent (is it Bob Rea and Buckeye Mineral development?)