Replies to This Discussion

Permalink Reply by Buckeye Fan on June 22, 2011 at 4:15am

Harrison County

Thank you

 

Permalink Reply by Shower Bath on June 22, 2011 at 4:37am

Tri Star out of Pa has been puting their lease blocks together. I don't

think they will have a local Ohio presence untill 2012.

 

You can get their info and contact number at www.gulfportenergy.com

 

Randy

Permalink Reply by Finnbear on June 22, 2011 at 4:49am

Unfortunately, Wishgard is their leasing agent in that area. They are obtaining leases for Tri-Star who is supposed to be pooling for Gulfport. The Wishgard offer is $2000/ac and around 15% royalty but Wishgard charges you 8% of the bonus so it is really $1840/ac. The terms of the lease could be better. If you are part of a sizeable landowner group, the group should be able to deal directly with Gulfport and a better deal might be made.

Permalink Reply by Dan on June 22, 2011 at 5:12am

Finnbear is right.  The best way to get a deal with Gulfport is to join a landowner group and gain the negotiating power to get a the compensation and lease document that you deserve.  Gulfport doesn't have any more insight than the other big gas companies.  They all know what is down there.  They want our minerals, but understandably, they want to pay as little as possible to get them.  Almost without exception, you are not going to get your best deal by relating with a landman from a specific gas company. Join a landowner group!

Permalink Reply by Shower Bath on June 22, 2011 at 4:23am

Finnbear,

 

Could you post the Gulfport presentation on the Ohio Landowners page?

I shared this info with Dan and some attendees at the HCOLG meeting last Fri in Cadiz, and was suprised how few knew of the oil/wet gas zones of the play.

 

Randy

Permalink Reply by Finnbear on June 22, 2011 at 4:45am

Done

Here.

Permalink Reply by Hunter on June 22, 2011 at 5:08am

You will notice that most of the wells drilled so far are north south thru the wet zone. Is there a reason for this? Why not be drilling a little more to the west which is "oil zone". Or maybe the zones are not well defined.

Permalink Reply by Dan on June 22, 2011 at 5:43am

Here's the map from that presentation that gets people excited. Harrison is right in the middle of the oil/wet gas patch.

 

Permalink Reply by Marc on June 24, 2011 at 7:10am

Has anybody seen the EV Energy Partners/Enervest map?  It has the windows shifted WAY to the west.  Gulfport's map is basically a carbon of Geological Survey's.  I have been unable to find an independent source for the EVEP/Enervest map.

 

 

Permalink Reply by Dan on June 22, 2011 at 5:53am

Randy, as you requested at the meeting, I also have this presentation up on the HCOLG server.  You won't find it on our website at the moment, but you can access it with the links below.

 

Full version, p 1-36 (5MB)

 

Utica Shale play only p 1-9 (1MB)

 

This report is still available on Gulfport's website too, at the bottom of the page, right here.

Permalink Reply by scott jackovitch on June 22, 2011 at 10:09am

Anything we can do to educate our neighbors and friends about the wet gas and oil in our area would be great.  I believe so many people out there are still uninformed. I believe the sooner we stop comparing the Utica in Eastern Ohio with the Marcellus of WV and PA the better for all of us. They are two completely different shale plays. One has proven to be loaded with dry gas and the other is gonna prove itself to be loaded with Oil.  We should be basing what we have more along the lines of the Eagle Ford where per acre prices are much higher along with royalties. And even then we will probably be selling ourselves short.

Permalink Reply by Nate on June 22, 2011 at 10:15am

Scott you should just hold tight for 10k/acre!

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