Replies to This Discussion

Permalink Reply by 09bp5t05myjl3 on February 21, 2012 at 10:59am

Angela you obviously didn't see the anterro lease it is the most landowner friendly I have seen to date! I guarantee thats not the reason.

Permalink Reply by Angela Smith on February 22, 2012 at 11:56am

The Eclipse deal had a commitment to drill within 3 years and guaranteed unitization of all leased land.  I believe the Anterro deal was an anomaly because of the Ruble acreage.  

Permalink Reply by 09bp5t05myjl3 on February 22, 2012 at 12:14pm

Angela think about that It’s that whopping $750/acre more you get if they don’t drill in 3 years that the oil company saves for 3  yrs?  So $4750 total for a five year primary term. Or maybe it’s the $5462/acre you get for giving them another FIVE years (instead of 3) or maybe it’s that 19% royalty instead of 21%? not to mention the 4 1/2% Fee

Or maybe that eclipse paid $4,000 & sold in a joint venture for $8,000 a $4,000 net profit & the landowners get shorted again!

Permalink Reply by Angela Smith on February 22, 2012 at 10:09pm

They have a deal they were obviously happy with.  What do we have?  Personally, I would give a little on the bonus in exchange for a commitment to drill. 

Permalink Reply by 09bp5t05myjl3 on February 23, 2012 at 4:22am

Very well said Gale, Bottom line as usual we the landowners are responsible for making sure we don't get taken advantage of no matter who we deal with & if the group Attorney only represents the group & not the individual landowner then we better get our own attorney, I know I would be upset it I signed with a group that represented me and the oil company sells 1/2 my lease for twice that amount in 2 weeks! Sure have to wonder if I could have gotten that same deal!

Permalink Reply by Billy Park Whyde on February 25, 2012 at 2:19pm

 At this point of the game no one should be in a hurry. They have leased thousands of acres and how many drilling rigs are there in Ohio? It will take a while. 

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