Replies to This Discussion

Permalink Reply by Nate on November 28, 2011 at 9:51am

The problem with the Sugarcreek area was that of the Thousands of acres that were signed up, only 40% were clearing title. So Sierra and Endeavor made a deal on that acreage in that area. Their focus remains to be the remainder of Tuscarawas County. If anyone wants to get in contact with either producers I can help.

Permalink Reply by Del Jones on November 28, 2011 at 10:16am

I'm surprised it is as high as 40%.  You can check all the wells here: http://www.dnr.state.oh.us/website/geosurvey/geosurvey_emergency_oi...

 As you can see there are ton of active wells already in Tusc Co.  That is what happened to me.  There was  lease signed in 1961 that covers my land even though there is no active well (being operated by an oil and gas company, anyway) on my part of the original lease.   The origianl lease is highly unfavorable to the landowner as you can imagine...

Permalink Reply by Firman miller on November 28, 2011 at 10:27am

There was never any title work done on my property.  Sierra said they couldn't reach an agreement with Belden Brick, thats why they didn't want the leases.  However I know of some people getting paid while their next door neighbors didn't.  

Permalink Reply by Nate on November 29, 2011 at 6:06am

I think the first wave of landowners got paid on and Sierra started seeing the low success rate of  clearing title. Add that on top of the Belden Brick deal falling through and it was time to cut bait. Sierra only leases where they can drill and didn't see any value in tying up capital in that area.

Permalink Reply by Paul Martinelli on November 29, 2011 at 12:33pm

I'm beginning to wonder about Sierra......I haven't seen any evidence of them putting together drilling units, getting permits.......perhaps they are just looking to flip the acreage they have.

 

 

Permalink Reply by Nate on November 29, 2011 at 1:43pm

They've been spending much of their time clearing title on hbp leases they have acquired from producers. Expect them to bring rigs in this spring after frost laws are lifted.

Permalink Reply by Paul Martinelli on November 30, 2011 at 6:00am

Nate...what is the "frost Law"?

 

 

Permalink Reply by Paul Martinelli on December 1, 2011 at 3:30pm

Ahh....seasonal weight limts on roads....

Permalink Reply by 0i7okn54zwbdo on December 2, 2011 at 7:10pm

Seeing what prices have become Sierra might just flip their leasehold and run away with a bucket of cash.

Permalink Reply by Nate on December 3, 2011 at 3:51am

As someone who works closely with them I've posted this same scenario to them and they are very adamant, and it shows in their activities that they will be drilling this next year. During the winter they are going to be putting units together and staking wells in their various positions over Tusc and its surrounding counties.

Permalink Reply by 0i7okn54zwbdo on December 3, 2011 at 3:32pm

I hope you're right, Nate. The more operators the better. Competition is a healthy thing, especially for landowners.

Permalink Reply by Mark Allen on December 4, 2011 at 5:00am

wake up folks,we are still in the early stages for Tuscarawas county,more players are coming and of course their names are changind daily. New LLC's and better landowner language.

For those of you out there that may feel left out,go to uticashaleassociation.org and speak your mind about HBP and the fact of being held by production. Together we will make a difference. Landowners with minerals need to work together.

we have been at $3100 for 3 weeks and recently have been offered $4000 for select acreage that is part of the Dover-Winfield region and also up through eastern Holmes.

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