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Barnesville Signs Lease for $6750 acre

Started Apr 25 0 Replies

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my 10 year lease expired with Ascent Landman called

Started this discussion. Last reply by Joe C. Jan 16. 10 Replies

My lease is expiring in PultneyTwp ,Belmont CountyLand man offered $3500/ acre. Previous lease.we got ,$6800. Does Ascent have me by the short hairs or do I have them? They had a descent amount…Continue

Signed lease on 2 different properties

Started this discussion. Last reply by Joe C. Mar 29, 2023. 1 Reply

Same county but located in different townships. Lease expiresthis year but Ascent claims it doesnt because we have one that is producing.. How can that be they are not connected.ThanksContinue

Royalties dropping off cliff

Started Apr 5, 2022 0 Replies

In early 2nd year of royalties. It was warm in December figured. January check would be higher but its half amount of December.  Do these wells drop off that that quick? Before the first year even…Continue

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adam sorell posted a discussion

Barnesville Signs Lease for $6750 acre

https://www.timesleaderonline.com/news/local-news/2024/04/barnesville-approves-oil-and-gas-lease-with-blue-baron/
Apr 25
0 Comments
Joe C. replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"Adam, I used Nick at AMCO. 23 year Petroleum Landman. He helped me with lease and reviewed area. He can lay out units even though nothing is proposed yet. Knowing how operators develop them, he can show if you’re in the fairways or close to…"
Jan 16
adam sorell replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"i was on land group with probably hundreds of landowners. We all probably had our leases expire. Ascent going to lose or already lost  millions. "
Jan 15
adam sorell replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"$6800 for first term 5 years then $ 6800 for another 5 years ill talk to the lawyer than did the lease for our group.It was a good lease. Im not desperate for cash. Maybe when it expires ill get competing offers. There a xto well 2 miles up the road…"
Jan 15
David Cain replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"Adam, Please ignore my last line above "Ascent didn't try to unitize these"  - I don't know how that got in my response.  I also want to clarify the $4,000-$5,000 signing bonuses that I am hearing about are for a 5…"
Jan 15
David Cain replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"Adam, I agree with Dott - she gives a lot of good information on this site.  I don't know about Eastern Belmont county, but on the western side of Belmont the numbers I hear are in the $4,500-5,000 range.  In the end, you should only…"
Jan 15
adam sorell replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"thank you Dot. i have to dig up my lease see what it says exactly. But if i leased to a middle man flipper. Ascent would pay them way molre than im asking. I remembrr ten years ago fake drillers jaut buying up leases.to flip. ascent bought thoae…"
Jan 14
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"The Operators used language in the leases 10 years ago to pull one over on us and they are trying to do it again but with different  language. If you don't sign a lease you may eventually be "Pooled" into a Unit at a Unitization…"
Jan 13
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"Adam, "Gross at the Well Head " should not be used in new leases even if you think you are getting no deductions. Courts have ruled on this in favor of the Producers to be able to deduct due to the language. I have an article here that may…"
Jan 13
adam sorell replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"He offered $3500 and said it just a starting point. I was in a land group had a good lease 20% gross at well head no deductions.Ill be sticking to that. If i dont sign a lease i guess they have to take me to court.???"
Jan 13
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'
"From what I can tell bonuses are not near 6800 anymore however if you have this opportunity you may want to get your lease reviewed by an Oil and Gas Attorney unless you did this with the lease when you first signed it. Many leases from the past had…"
Jan 11
adam sorell posted a discussion

my 10 year lease expired with Ascent Landman called

My lease is expiring in PultneyTwp ,Belmont CountyLand man offered $3500/ acre. Previous lease.we got ,$6800. Does Ascent have me by the short hairs or do I have them? They had a descent amount invested in first term and 2nd term renewal. What should I do? Let it go? If decide to drill and I lease to someone else it will probably cost them alot more to buy it up from 3rd party? Also arent these land leases.collateral for all their lenders?. See More
Jan 9
10 Comments
Joe C. replied to adam sorell's discussion 'Signed lease on 2 different properties'
"When you sign one lease with multiple tracts and townships, that lease will hold all. You should have signed 2 separate leases. Now the one tract of land is holding the other as a HPB, held by production. it sucks and operators get away with…"
Mar 29, 2023
adam sorell posted a discussion

Signed lease on 2 different properties

Same county but located in different townships. Lease expiresthis year but Ascent claims it doesnt because we have one that is producing.. How can that be they are not connected.ThanksSee More
Mar 28, 2023
1 Comment
Pumpkin Farmer replied to adam sorell's discussion 'Royalties dropping off cliff'
"Is there a newer well nearby that could have impacted the production?"
Apr 7, 2022
Joe C. replied to adam sorell's discussion 'Royalties dropping off cliff'
"Do you have a net lease or Gross? If net, is the operator taking more post production cost out? Were the wells shut in fo any reason? These are questions you need to ask the operator. Without seeing statements, it will be hard…"
Apr 7, 2022

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

Adam sorell's Blog

EOU GROUP

Posted on November 3, 2013 at 5:54am 0 Comments

there a sign in Bridgeport  $6800  and 20% royalty

Judge Davies is involved in it.

eougroup.com.

Sorry for other post couldn't figure out how to post a new topic

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At 4:59pm on April 22, 2014, ronald cunningham said…

hi adam I singed up in Bridgeport oh 9.29 13 eou shale group. it was recorded 2.24. 14 haven't heard a damn thing  from great river.at least 210 days since I singed.do you own property in Belmont county?

 
 
 

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