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 sawtooth on December 15, 2011 at 2:56pm

Man its gotten very quite lately on here.  Whats the deal?  

Permalink Reply by James Kerns on December 16, 2011 at 5:34am

I have noticed it also. I have my theories why, but adopting a wait and see attitude about it.

Permalink Reply by Robert Fulton on December 16, 2011 at 5:39am

Alot of the old "regulars" signed with the kdwg/eclipse deal .we are in the holding pattern right now...udates to follow.

Permalink Reply by Robert Fulton on January 2, 2012 at 10:39am

Hello to all and Happy New Year!  Wishing you all a profitable and informed year.

Permalink Reply by sawtooth on February 10, 2012 at 10:32am

Just checking in to see what people are seeing for leases now in Noble.  I'm hearing its finally made it to the $5000 per acre range but is anyone seeing higher prices yet?

Permalink Reply by scott peterson on February 10, 2012 at 10:34am

Sawtooth, who is paying $5,000 in Noble ?  I still have a buddy holding out on 100 acres. I think Shell was for a short time but havent been keeping up on it myself.

Permalink Reply by sawtooth on February 10, 2012 at 10:46am

not sure but i will find out for you.  a coworker mentioned it to me but the name didn't sound familiar to me.  It wasn't a big name like Shell etc.

Permalink Reply by George Smolinski on February 10, 2012 at 11:18am

Hello Sawtooth.... I have been trying to find information also.... Last time I was on the site was some time ago when a ruckus was raised over information being forwaded to this site concerning Des Wertheimer's group in Noble County.

I still have not signed a lease on my property and am trying to contact Des or any member that joined his Noble county group.....

Permalink Reply by DM on February 10, 2012 at 2:33pm

I just heard from a friend that signed with Antero Resources for 5900/21%. The group consisted of land in the Noble Belmont Monroe area. Anyone hear of this?

Permalink Reply by Nelson Roe on February 10, 2012 at 3:44pm

Congrats to them!  Good to hear the prices are still rising in some areas.  Who is Antero though?  I have never heard of them before...

 

09bp5t05myjl3Permalink Reply by 09bp5t05myjl3 on February 10, 2012 at 3:55pm

They are a good sized driller quite a few articles and info on them on internet & here gms not an Exxon but very well known & thought of, Lensman Group praised them as a good reliable company to work with at our emlo meeting last night!  Your Buddy Des told his group 3 weeks ago no way will anyone pay more than $5000 and 20% for Monroe or Noble and that was when he was announcing his 5th deal for $4900 & 20% this time & guess what 3 weeks later deal gone,  Im shocked!,

Permalink Reply by Nelson Roe on February 11, 2012 at 6:56am

LOL... not my buddy!  & yeah, that is very shocking!  Thanks for the info & link.  Always glad to see reputable new players enter the game...

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