BELMONT COUNTY - ALOV

I spoke with Bob Rea and yes the offer is with Chesapeake Energy for $5800 per acre  and 20% gross wellhead. No transportation, or marketing cost of any kind. And YES they want all of Belmont County, even southeast belmont that everyone says no one wants and are signing now. I have the lease and it is the best one I have seen yet.

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Replies to This Discussion

Permalink Reply by suzyq on December 2, 2011 at 12:14pm

Does anyone have a contact person and phone number for Hess?

Permalink Reply by HB on December 2, 2011 at 6:26pm

John Gleason, Contract Landman for Hess Oil Resources
(740) 695-1209
mobile (248) 613-3240

I got a lease offer from Marquette/Hess a few months ago @ $5200/ac & 17 or 18% (can't remember now). Got their lease and looked it over: the usual crappy boilerplate lease and a so-so list of addendums.  Didn't sign (still waiting on Smith-Goshen) but several of my neighbors did sign with Marquette/Hess (& have gotten paid).

Permalink Reply by suzyq on December 3, 2011 at 5:58am

Thanks HB for the info!

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on December 2, 2011 at 7:04pm

CHK says they're done leasing after Q1 2012.

Permalink Reply by Dan on December 3, 2011 at 2:35am

Who is saying that? A landman?  Based on how many times similar things have been said by Chesapeake and their landmen over the past two years, I wouldn't count on that being true.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on December 3, 2011 at 3:36pm

The CEO said that. I think that their JV deal must have a drop dead date on it. That means that their partner (who hasn't been made public but some of us already know who they are) will buy in at the set price up until a certain day. After that CHK would have to foot the entire bill for any additional acreage.  This is how these JVs typically work.

Permalink Reply by John Clark on December 5, 2011 at 10:11am

You say you have THE lease can we get a copy of this lease or is there a problem with showing this lease. I just curiuos is this for only proprty inder Mr. Rea's group or is this being offered to others? Thank you for your time in answering

Permalink Reply by Jeff Patterson on March 3, 2012 at 8:20am

Do you have contact information for this Bob Rea? Thanks

Permalink Reply by Finnbear on March 3, 2012 at 6:32pm

They (ALOV and Bob Rea) had a website but it disappeared from the internet this past week. The deal mentioned above was NOT for all of Belmont county, it was a cherry-pick deal that was only available to people in very specific areas that CHK wanted.

Permalink Reply by John Clark on March 4, 2012 at 6:54am

What parts of Belmont County are we talking about..............

Permalink Reply by Jeff Patterson on March 4, 2012 at 10:11am

Pultney Township

Permalink Reply by pat dandrea on April 10, 2012 at 5:54am

Is this info still accurate? And, if so, do you have a chesapeake contact for such a lease?


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