Replies to This Discussion

Permalink Reply by michael j belaj on August 3, 2011 at 3:21am

David Knox is a good township to be in.Chesapeake moved a rig in yesterday in Wheeling township and they plan to drill in liberty township to the east of you on the Ringer farm. If you are in one of thoes old Ohio fuel leases they will be contacting you about changing some of the terms and that is a good thing you can negotiate some better terms location pad fee more royalty crop damage the list goes on however you will be dealing with Chesapeake if the old lease is with Ohio fuel and they are a good company. Michael J Belaj

Permalink Reply by David Seohnlen on August 3, 2011 at 3:27am

So Michael are you saying that even though the lease was ammended within the last 2 years that they may take another look at it? I assumed that we signed it without knowing what was about to happened and we were just taken.  Maybe there is hope?

Permalink Reply by michael j belaj on August 3, 2011 at 3:38am

David If you are stuck with a old lease and they are willing to give you better terms thats a good thing. If they drill a well and you are part of that unit thats better. If you have any control of the size of the unit try to hold it at 640 acres the more acreage in a unit the more diluted your interest becomes. Michael

Permalink Reply by arminius on August 4, 2011 at 6:38pm

Michael,  my father has the mineral rights for 80 acres leased by Columbia Gas for a natural gas storage field in Liberty township.  I think it is to this to which you refer.  In November of last year a representative from Columbia, with a notary in tow, came to his house and got him to sign an amendment to the lease.  Being older and frail, he signed without adequately understanding what he was signing or for asking anything in return.  The amenment said that Columbia was subleasing the deeper formations for development to Belden Blake and Anschultz Corp.  Has Chesapeake become the successor to these two?

Permalink Reply by michael j belaj on August 4, 2011 at 9:09pm

Yes Chesapeake is the successor and that is not a bad thing.They know how this play works and will do a good job. TKS Mike

Permalink Reply by David Seohnlen on August 5, 2011 at 12:28am

The same thing happened to us. They came around to "update" the lease.  We feel like we made a huge mistake in signing it. But at the time we were unaware of all of this.  Our land is also in the Columbia gas storage field. I can understand why your dad signed....our man was very laid back and almost a joy to talk to. He was also a notary.  And he made it sound like it was the thing to do.   

Permalink Reply by Richard.A. Bichard on August 14, 2011 at 11:52pm

The same for us, Can anybody tell me how to find out how many acres are to be in a unit ? We are close to one that is permitted already. Nobody has contacted any of us close buy.Thank you R.A.Bichard

Permalink Reply by michael j belaj on August 15, 2011 at 12:24am

Richard you can check with the Ohio Departmrnt of Natural Resources the oil company has to complete a permit application to drill, this will outline the unit . Thanks Mike

Permalink Reply by Richard.A. Bichard on August 15, 2011 at 2:00am

Thanks Mike. Can I go on line or do I have to caa

Permalink Reply by michael j belaj on August 15, 2011 at 2:16am

Richard You can go on line www.dnr.state.oh.us/mineral that should get you in if you need more help let me know. Thanks Mike

Permalink Reply by David Seohnlen on August 15, 2011 at 2:21am

where are you located

Permalink Reply by Richard.A. Bichard on August 15, 2011 at 7:20am

3miles West of I77. on S.R.541 Dave.