Lease offers picking up steam

It seems everyone I talk to that has 5+ acres has recieved a lease offer recent....especially on the South end of New Phila.

 

AIM, Sierra, and CHK  seem to be the most mentioned suitors.  Are all these companies

in competition....or just dividing up the territory?

 

There are 1000s of HBP acres in the area as well (no pun intended), So I suspect units are being organized and permits submitted (soon).

 

Where will the first well be drilled....and by Whom? 

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Replies to This Discussion

Permalink Reply by Paul Martinelli on August 8, 2011 at 11:43am
Call Jason:at 412-623-9461,,,he can help you
Permalink Reply by James Edward Wojciechowski on August 11, 2011 at 1:02pm
I tried and got no response.
Permalink Reply by Del Jones on August 19, 2011 at 9:57am

How much land do you have and where is it?  If you are in the northern part of the twp, you could be a fit with Greenwood (Sierra).  Still waiting to hear where all the OVL landowners are.  At least Greenwood will let you know up front (at least, so it seems) if your land fits in with them.

Permalink Reply by Nate on August 20, 2011 at 2:27am
OVL people will be all over the place. The goal of the atty's running these groups is to get high dollars through numbers not get  you a well drilled.
Permalink Reply by James Edward Wojciechowski on August 20, 2011 at 5:27am
I own 44 acres in Mill Township / Uhrichsville area Tuscarawas County.  Avalanche doubled there offer to $500. per acre.  I have spoken to Tray Peterson from OVL.  He is supposed to get back to me this week.  They are talking about starting a second group.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on August 11, 2011 at 4:37pm
Not XTO. I talked to the woman in charge of the Ohio land team and they are in Monroe, Harrison and Belmont only.
Permalink Reply by maria armes on August 14, 2011 at 5:16am

XTO?

 

Permalink Reply by Del Jones on August 19, 2011 at 9:36am
Does anyone know where all the landowners in the Greenwood group (up Baltzley Valley) are located (A map would me nice)?  I think I prematurely signed the lease with the OVL group, not knowing if I could be included in drilling unit.  I think this group may end up being a better fit.  I'm currently corresponding with Jason at Greenwood about the group...
Permalink Reply by Del Jones on September 9, 2011 at 9:50am

They asked me to join the group but I had already joined the OVL group.  They signed pretty much everyone on Baltzley Valley road -  it is with Greenwood for Sierra Buckeye - smae terms as the OVL group. 

 

I had expressed concerns on the forum about my land not being contiguous with others in the group (well founded concerns since i now know that all my neighbors are signed with Sierra).  I was told by both groups that the companies will negotiate lease trades or buy each other's leases to create contiguos drilling units, so I feel a lot better about it now.

Permalink Reply by Paul Martinelli on November 24, 2011 at 5:15am

Anyone have any new information to offer related to Tusc. County?

 

Seems leasing has slowed....I don't see any new permits.....are all the O/G companies done until after the holidays?

 

 

Permalink Reply by Firman miller on November 28, 2011 at 8:13am

Seems like Sierra left a lot of people out to dry, something about being out of money?  The law firm that was representing Sierra, (Hillyer etc.) is moving people to Endeavour at the same terms.  I think I'm headed to Chesapeake.  

Permalink Reply by Paul Martinelli on November 28, 2011 at 8:48am

Interesting...Where are you hearing this from.....Also, I didn't think they were represented by Hillyer...

 

You have any contact information for Endeavour?

 

If true....I wonder how much of the HBP acreage they really purchased....they were reported to have been buy all local HBP acreage leases in my area.

 

 

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