Good luck as monitor of this new site and your efforts to form a landowner group. In regard to your question about PDC, I have been doing business with them for approximately 10 years. Their business strategy changed about two years ago, and I personally am avoiding doing any future business with them. Also, I feel strongly that a 15% royalty is too low.
The lease offer in Guernsey County started out at 50.00 100.00 250.00 and are now 1600.00 to 1850.00 and 15%. for a five year paid up lease.Morgan County is on the edge of the play however I believe that the Utica play will expand. It will take a few wells to be drilled in the area to heat things up Harrison and Carrol Counties is well on there way with some good wells drilled.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]