Leases Offered in Noble County

I'm new to "gomarcellusshale", as well as new to this business.  We have a 152 acre farm with "Clinton" gas wells which supply our needs.

We've been approached by Fossil Creek Energy Corp (FCEC) for $50/acre, 12.5% Royalty, and $10,000 if a well is drilled.  We are sitting on the Utica Strata.  I've carefully read the lease and am very suspicious of the terms.  We are consulting attorneys.  I don't see any members from Noble County..and some interesting notes from Guernsey which lead me to suspect the FCEC lease.  Can they broker a lease after signing "cheap"?

We have news of ARTEX Oil offering leases in our County, they're out of Marietta.  Any comment on FCEC, ARTEX, and my suspicions would be welcomed!

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Replies to This Discussion

Permalink Reply by Robert Fulton on October 20, 2011 at 3:53am

No  unfortunately it does not at this time...checked this a.m. and was informed I could be put on a list for the possible future.

 

Permalink Reply by Linda Wrege on October 20, 2011 at 4:13am
Ok, thank you. I plan on atteding the meeting in Caldwell tonight at 6 and also the one tomorrow in Lower Salem at 7.  Hope to hear some good news for Noble Co. soon.
Permalink Reply by sawtooth on October 20, 2011 at 3:34am
How does Mr Mosser's lease look?  Does it look like a good deal for the land owner?  Besides the money part just curious if the lease is land owner friendly as i know some of them are not.  Thank you
Permalink Reply by paul geiger on October 20, 2011 at 4:10am
Owner friendly?? Yes .    Have been to about 15-17 meeting to deiced  what to do and con pair  and asked a lot  of  questions .
Permalink Reply by sawtooth on October 20, 2011 at 4:19am
does any of your royalties getting taken as part of the groups / lawyer payments?
Permalink Reply by paul geiger on October 20, 2011 at 4:42am
The 20% royalties is yours ,the lawyer fees are payed by Shell  . This land group was started by  a   young farmer Matt Crislip  and his hard working friends  give credit to them ,I call it the Matt Crislip group.
Permalink Reply by paul geiger on October 20, 2011 at 7:19am
NOTICE,  This week signing is for the group that are  in . Next week is for acres   that are not in the group . A friend called and says it's packed .
Permalink Reply by Nelson Roe on October 20, 2011 at 9:10am

Hey Paul,

Is the signing being held at the S.E. Equipment training facility out by my road?  If it is, I may have to drive up there & see how crowded it actually is...

Permalink Reply by paul geiger on October 20, 2011 at 9:26am
Sure is .
Permalink Reply by Nelson Roe on October 20, 2011 at 11:43am
It was still packed up there around 5:30!
Permalink Reply by sawtooth on October 20, 2011 at 1:38pm

Hello Paul,

 

I am not in your group but would like to ask some questions pertaining to location and who they are willing to take based on townships etc.  Is there a person or number i can call?  Thanks,

Permalink Reply by Christiane Marshall on October 26, 2011 at 6:37am
Sawtooth, Are you referring to KWGD? This discussion is getting confusing! Are we talking Guernsey or Noble here?

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