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adam sorell's Discussions
What is considered a successful well? What mcf?
Started this discussion. Last reply by adam sorell Oct 13, 2024. 2 Replies 0 Likes
How is this Wassman Unit? Is a higher producer or on the low side?Property SummaryKey data points for WassmannCounty Belmont County, OHProduction Dates Jul 2016 - Jun 2024Total Oil Production 0…Continue
my 10 year lease expired with Ascent Landman called
Started this discussion. Last reply by Joe C. Jan 16, 2024. 10 Replies 0 Likes
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 0 Likes
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
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paleface replied to adam sorell's discussion 'What is considered a successful well? What mcf?'"You need to know depth ,length of lateral and how many frac stages."
adam sorell posted a discussionWhat is considered a successful well? What mcf?
How is this Wassman Unit? Is a higher producer or on the low side?Property SummaryKey data points for WassmannCounty Belmont County, OHProduction Dates Jul 2016 - Jun 2024Total Oil Production 0 BBLsTotal Gas Production 27,529,762 MCFRecent Oil Production 0 BBLs in Q2 2024Recent Gas Production 1,822,430 MCF in Q2 2024Wells on Property 7See More
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…"
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. "
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…"
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…"
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…"
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…"
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…"
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…"
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.???"
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…"
adam sorell posted a discussionmy 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
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…"
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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 0 Likes
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
Comment Wall (1 comment)
- 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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