Replies to This Discussion

Permalink Reply by Billy Park Whyde on January 31, 2012 at 5:18pm

I went to the Zanesville, Ohio meeting tonight. In attendance there were about 50 to 60 people. ( rather surprising, I would have expected more) It appears that a Zanesville Law firm is trying to start up a land owners group. There were no specifics mentioned upon what lease bonuses might be or what they thought they may be able to batgain for.

  As to a GOOD POINT Anyone can back out at anytime until it comes time to get the ball rolling. You will know before hand what the lease will be. As far as membership rates goes of fee it is still undecided but here is what they are looking at. A flat fee of $150-$175 per acre charge after lease is finalized (probably will be agreed to be with held from bonus I would assume) or  Contingency of 4% to  5%  of bounse. No Royalty Take.

 EID Energy in Depth gave a presentation  and it was kind of neat to really hands onto a real piece of Utica Shale. Sure did save me a lot of work with the shovel!

  Personal thoughts, they have an idea if they pursue it and word spreads it might be good competition.

Well that all for now folks stay tuned . Billy

Permalink Reply by George A Baughman on January 31, 2012 at 6:01pm

thanks Bill very informative,i hope to make the next meeting.

Permalink Reply by David Ross on February 1, 2012 at 10:27am

GO BILLIE GO!!!!!!!!!! You are doing good. THANKS

Permalink Reply by Billy Park Whyde on February 1, 2012 at 11:50am

Well thankee!

Permalink Reply by David Ross on February 1, 2012 at 11:56am

Do you think they can compete with G&G?????

Permalink Reply by Billy Park Whyde on February 1, 2012 at 2:34pm

If word is spread about what offers are being offered I think any group will have competition.  Also length of term and lease  wording will play a roll. A group may have a lead but if another group offers a better menu it could change.

Permalink Reply by David Ross on February 5, 2012 at 1:57am

Billie did the new law firm say when they where going start the group ? Date???

Permalink Reply by Billy Park Whyde on February 5, 2012 at 3:24am

Honestly I think they were testing the water. Had they had a crowd they would of course kick it in the rear. Undoubtedly they know of what the Graham& Graham group drew in crowd size. Ya Know I'll give them a call tomorrow and post it in here.

Permalink Reply by David Ross on February 5, 2012 at 5:06am

If they want to organize they need to get in the local papers. i would sign if it was a better deal than G&G!!!!!!!!!!!

Permalink Reply by Billy Park Whyde on February 5, 2012 at 5:28am

 Well with them not wanting a % of the Royalty it would already make it a better deal. See my earlier post as to what they were kicking around. 

Permalink Reply by Billy Park Whyde on February 7, 2012 at 4:55am

I contacted the Law Firm MBN today (notice the date of this post) they are working on it.  They listened to some of the suggestions I had made and they sound as if they will are willing to address landowners concerns.  Stay tuned for further updates! 

Feb. 7th 2012 11AM

Permalink Reply by Billy Park Whyde on February 8, 2012 at 3:42am

By the way Law Firm MBN was the one at the OSU Zanesville meeting.

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