Belmont County Activity

Recently this group has a bunch of new members but still has very little activity. How about ALL members sharing what they know is happening in Belmont County. Have you or any of your neighbors signed a lease? Have you or your neighbors been approached with any lease offers? Do you know of any landowner groups in Belmont County? What issues have you had to deal with in this process? Is anyone looking a pipeline right-of-way leases? What terms do you want in your lease when you do finally sign and why? The more information we share here with each other, the better prepared we will all be when we do sign leases and cash in on the mineral wealth under our lands in Belmont County.
Finnbear

PS - I am participating in the Smith-Goshen Landowners group, a landowner based, non-profit group. See http://hcolg.org/HowItWorks.html for an explanation of what a landowner non-profit is and how it works.

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Replies to This Discussion

Permalink Reply by Gary Ball on August 14, 2011 at 2:54am
Living in Colerain township, we had a meeting last night and as a group we are looking at 4000.00 per acre and 18.5 royalites, we are meeting next saturday.
Permalink Reply by Finnbear on August 14, 2011 at 10:36am
Gary
Who is offering $4000 and 18.5% royalty?
Finnbear
Permalink Reply by Gary Ball on August 14, 2011 at 2:26pm

Utica Landowners Groups LLC.

1. To negotiate a Bonus Payment of 4,000 per acre

2.To Make every effort to negotiate a Royality Payment of 18.75or more

3. To negotiate landowner friendly terms in an oil& gas lease with the driller

At this time theres no leases, this is just what we are asking for.....not sure how far this will go.

Permalink Reply by Finnbear on August 14, 2011 at 3:34pm
So this is just a wish list and not a bona fide offer from a driller or energy company?
Permalink Reply by deutchen on August 15, 2011 at 2:09pm
Gulfport is dealing directly with landowners now. The phone number of their landagent is 405-242-4395. As I mentioned earlier their present offer is $3000 & 16%.
Permalink Reply by Elsie Fox on September 7, 2011 at 7:20pm
Utica Landowners Group received an offer from Exxon Mobil for $4250/18.75%.  Lease signing is next week.
Permalink Reply by Finnbear on September 8, 2011 at 2:10am
Where is Utica landowners Group? I'm interested.
Permalink Reply by Elsie Fox on September 8, 2011 at 2:36pm
I think the landowners are spread around Belmont County; I'm sure the acreage isn't contiguous.  The person who dealt with Exxon Mobile is a lawyer named Sustersic (hope I spelled that right....).  They were allowing new people to enrol at the meeting last night, and may still be accepting members.
Permalink Reply by Finnbear on September 8, 2011 at 3:26pm

How does one contact this group?

What are their fees?

Any landowners in Washington Twp?

Any landowners in Murray Coal areas?

Permalink Reply by AT on September 8, 2011 at 3:41pm
Is the 18.75% based on gross or net production and is the 18.75% based on a 640 or 1,280, contiguous or non-contiguous acreage drilling unit size?
Permalink Reply by Finnbear on September 8, 2011 at 3:54pm
I think I'd want to steer clear of a 1280 acre drilling unit. That just allows them to drill half as many wells and then the leases are HBP. Not a great deal for the landowner.
Permalink Reply by Elsie Fox on September 8, 2011 at 6:59pm

I'm sorry that I don't know all the facts yet, but here's the little I do know.

 

There were several addenda to the lease, all of which were approved by Exxon Mobil.

 

One may contact Mr. Sustersic  (Sustersic Law firm....# in phone book).

 

18.75% gross at the well head.  If the gas is transported and the company makes more money at the next phase, royalty is on the higher number.  I know I'm not explaining this part well, sorry.

 

The fees will be paid by Exxon Mobil, so no group fees or expenses at all will be charged to the landowners.

 

The royalty is based on 640 acres drilling unit. That was one of the addenda.  I don't know about contiguous or non-.  I didn't even know a drilling unit could be made up of non-contiguous acres.

 

I didn't know more than 4-5 people at the meeting, so I don't have a clue about where anyone was from.  I do know that there were even some from Jefferson County.  One landowner asked about Murray Coal; all I remember is that the lawyer said he had 'worked with' Murray before, with a good outcome.

 

 

 

 

 

 

  

 

 

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