David Cain
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David Cain's Groups

David Cain's Discussions

Rex J. Anderson Well Production Numbers

Started this discussion. Last reply by Philip Brutz Feb 20, 2014. 85 Replies

Rex just released the 5 day sales rates for the J. anderson wells.It states in part:The five-well J. Anderson pad, located in Guernsey County, Ohio, was placed into sales from its resting period at…Continue

Core Utica acreage worth up to $40k/acre to E&P

Started Dec 22, 2012 0 Replies

I just read an investment article that referenced a research analyst note stating that the "Utica acreage in the 'core of the core' of the wet gas play could be worth as much as $40,000/acre".  Of…Continue

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David Cain's Page

Latest Activity

David Cain replied to Walt's discussion 'Guernsey County'
"I agree with Dott that you need a good attorney to look at any offers before you sign them.  I have land in the SE corner of Guernsey and used KWGD.  My initial offer from Purple/Ascent was $3,000/15%.  I got KWGD involved right away…"
Aug 21
David Cain replied to Matt's discussion 'Gross Proceeds'
"Matt, I agree with Dott, the Royalty clause is extremely important and you need to get a good O&G attorney to run through it with you.  I am no lawyer, but I would be concerned about the "...at wellhead" portion.  What is…"
Jul 30
David Cain replied to Keith Mauck (Site Publisher)'s discussion 'Guernsey Lease Offers: County / Date of Offer / Royalty % / Bonus Per Acre / Acreage' in the group Guernsey County, OH
"Congrats Greg.  Now we just sit back and wait to see if they drill."
Jul 12
David Cain replied to Keith Mauck (Site Publisher)'s discussion 'Guernsey Lease Offers: County / Date of Offer / Royalty % / Bonus Per Acre / Acreage' in the group Guernsey County, OH
"Greg, My contract was for 60 days and they waited until the last couple of days before making payment.  Good Luck!"
Jun 2
David Cain replied to James booth's discussion 'Selling my rights'
"Jett,   Based on things I have heard and read it sounds like the average royalty for year 2 would be about half of the royalty received in year 1.  Then year 3 is about half of what occurs in year 2.  After 4-5 years it sounds…"
May 8
David Cain replied to Keith Mauck (Site Publisher)'s discussion 'Guernsey Lease Offers: County / Date of Offer / Royalty % / Bonus Per Acre / Acreage' in the group Guernsey County, OH
"Ascent has done some selective leasing at roughly $4,000 per acre and 17% no deduction on a 5 year lease in SE guernsey."
May 8
David Cain replied to James booth's discussion 'Selling my rights'
"Jett, Thank you for sharing.  I really appreciate hearing from a person that has firsthand information like yourself. I got to tell you that number sounds really good. I will be ecstatic if I see similar results if/when that day ever comes for…"
May 5
David Cain replied to James booth's discussion 'Selling my rights'
"Deutchen, Thanks for your perspective. I have seen what you are describing on the ODNR well site viewer. Some pretty large chunks of land that are surrounded by wells and the acreage, while large, isn’t large enough for a new unit to be…"
May 4
David Cain replied to James booth's discussion 'Selling my rights'
"Jeffrey, My acreage is in southeastern guernsey county in Millwood township.   I know there are a lot of factors at play but I am just looking for a ball park estimate. Over the years I have heard anywhere from $300 to $3,000 per acre per month…"
May 4
David Cain replied to James booth's discussion 'Selling my rights'
"Jett, It is good hearing from someone that has acreage in production - thanks for sharing.  Have you seen numbers drop off significantly after the first 6-10 months?  Given your experience, would you speculate on how much a landowner…"
May 4
David Cain replied to joe traczyk's discussion 'pugh clause terms'
"Joe, Billl Williams from KWGD is in Canton, Ohio.  Their office phone is (330) 497-0700.  I don't think you would need to actually visit his office - they could probably handle everything over the phone or email.  He is a…"
Apr 25
David Cain replied to joe traczyk's discussion 'pugh clause terms'
"Joe, One option you may want to consider is trying to get a 5 year paid up lease under a new lease contract rather than extending the old lease on a year to year basis.  If you agree to a year to year lease and they drill in the first year you…"
Apr 24
David Cain replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Scott, I sent you a message.  It has been a long time since I have used the messaging function.  I hope you received it.   Thanks"
Jan 7
David Cain replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Soundcraft, Hope things are going well for your and yours.  I missed your response earlier and only saw Scott's.  Currently Purple has only contacted me regarding my 2 small parcels on Barker Rd.  They may have missed or…"
Dec 12, 2022
David Cain replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Good luck on getting a new lease and getting drilled!  My thinking is that if I get a new lease that it will probably be the last one that I sign since I am thinking that these drillers are holding off on signing new leases until they actually…"
Dec 12, 2022
David Cain replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Scott, Have you heard who is looking to drill in Millwood?  It seems like Eclipse/Montage/Southwestern is not active and has left a void in Millwood. I am wondering if Anterro and/or Ascent are looking to move in?  And are you currently…"
Dec 9, 2022

Profile Information

What is your role?
Landowner
Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus, Utica

Comment Wall (9 comments)

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At 6:11pm on January 22, 2020, Brett said…

Hi David,

Montage did bail on my lease. Looks like the gas and oil glut has the industry spooked.

At 8:47pm on December 16, 2019, Brett said…

Thanks David, I'll let you know if I hear from them or receive a check in January.

At 12:25pm on December 16, 2019, Brett said…

Hi David,

My annual with Eclipse, now Montage, is due up in January 2020. Have you heard anything about renewals? Are you still signed with them?

Thanks,

Brett

At 5:23pm on January 23, 2018, Brett said…
Hi David, Eclipse sent my check FedEx 2 wks before the due date. Hope you see yours soon.
At 4:23pm on January 23, 2018, Brett said…

Hi David,

I just wanted to let you know that I too have signed with Eclipse and just received my second year bonus. My property is to the North/West of you just over the Oxford County line.Looks like if they ever run a lateral it will pass through both of our properties.

Brett

At 3:15pm on October 10, 2017, Rob Rotz said…

David,

I was talking with Jeff, he said you have the same problem as i do with the Corban ruling.  eclipse said i dont own 70 of my mineral ac.  do you have the same problem, if so are you trying to resolve ?

Rob Rotz

At 6:36pm on October 4, 2016, Soundcraft said…
Hello David. I sent the request today. I've spoken with you in the past. Im part owner of the property to borders your land. Cameron, Lake, Alwine.
At 8:17pm on March 7, 2012, Rob Rotz said…
I'm going down this weekend to plant 9000 hardwood trees. Do you go down in the off season.
At 8:44pm on December 21, 2011, Kim Parsell said…

You did fine Dave. :) Thanks for passing along the link to this site!

 
 
 

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