Hello, I am new here, and new to the oil and gas business. I wish I would have found this site a few years ago, here is my situation. I live in southeastern Geauga county about a mile from the Trumbull co line. There has been a lot of drilling activity in the area since about 2007, I had a lease with Wilkes Energy and they actually had a permit to drill in 2008 (permitted well site no. 21997 on the ODNR map) but never drilled a well. The lease was sold to Range Resources who I sign a two year extension with, still no well, then it was sold to Enervest about a year ago. The lease ended on 07/07/2011. Last week Enervest contacted me to extend the lease for 5 years. They are amending the amount of delay rental from $100 to $150 per acre and consider the lease "paid-up". I do not really understand what this means. The remainder of the lease is still in effect.

Also a company did seismic testing 2 years ago down my road (RT 608 south of Middlefield) and it looks like they are going to do it again, the road is all marked up the same way as before. They marked it up last Sunday so it is going to happen soon.

I am very confused as what to do, should I hold off on the lease extension and see if this area is going to get more activity or just be glad to already have a lease in place and sign the extension for 5 years.

Any guidance would be deeply appreciated.