Current State of Affairs for Guernsey County Jackson Twp:
I am new to the site, and am so thankful for this resource! My hats off to the publisher, and congrats to all who have any interest in Ohio. It is a great day to be learning of my fellow Ohioans having something so real and positive to hope for!
That said, can anyone please give me the low-down on what is going on in Guernsey County? What is a good per acre signing bonus? What is a good % on the lease? What is a reasonable fee for a consultant as a percentage? Has their been any progress in this county insofar as sampling, etc.?
My family's interest is about 500 acres, as we have a lot of interested parties and information seems to get lost in translation or shall we call it the classic "operator" effect.
I sincerely appreciate your time and help in educating me on the basics.
Jimmy C
Views: 756
Replies to This Discussion
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Permalink Reply by Philip Brutz on
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I would contact this law firm and ask them if they are setting up a 6th landowners group. They have the best contract out there.
Ryan W. Reaves
Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A.
4775 Munson St., N.W., P.O. Box 36963
Canton, Ohio 44735-6963
Direct Dial: 330-244-2365
Main Phone: 330-497-0700, ext. 150
Fax: 330-497-4020
Email: rreaves@kwgd.comhttp:// w***********
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Permalink Reply by craig on
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Personally I would never agree to any percentage of future royalties. A percentage of signing bonus or a flat per acre rate will allow you to understand what their 'services' will cost you.
With that much acreage, I would make the time to educate myself, then deal directly with the company who is actively drilling in your area. Use a lawyer along the way. Understand exactly what it is you are signing.
That's my .02¢
Oh, and you will need a financial advisor to help you invest your signing bonus and future royalties.... and to pay the least amount of taxes that you can.
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Permalink Reply by Steven Gardner on
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Guernsey county is in the "wave" now in my opinion. If you're just jumping in I would first read every thing on this site .. start back in early spring, check all the adj counties. Talk to all your neighbors and see what they know. I agree with Craig .. never agree to anyone taking a part of your future royalties.. thats why I would also recommend contacting KWGD at w*********** and talk to them directly.
They also have a links page to lots of ODNR info http://w***********/practiceareas/PracticeAreaDetails.aspx?AreaID=25
Current well operations can be found at http://www.ohiodnr.com/oil/shale/tabid/23174/Default.aspx
and more here.. http://www.dnr.state.oh.us/mineralhomepage/tabid/10352/Default.aspx
Don't sign anything until you educate yourself .. and family.. two heads are better than one and only you can do the leg work..
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