Replies to This Discussion

Permalink Reply by Jim Henderson on July 14, 2012 at 12:05pm

Gnadenhutten is sort of on the corner Clay, Warwick and Rush township.  So I searched the county engineers record and the only thing that even sounded close was SCHUPP CATHERINE 25.

Permalink Reply by Frank on July 14, 2012 at 1:53pm

They, Sierra Buckeye, is going to put the pad in the northwest corner of Rush and run the laterals under the east half of Gnadenhutten and to the east of Gnadenhutten.  The big guys signed a month ago and the mayor called for a special meeting for the half of the town effected.  The deal will include the small city lots as well.  Will be kind of a frenzy getting all the little people signed.  I signed on Friday but won't see anything for 6 months.  Half the people in Gnadenhutten are happy and the other half not so because they were not included.  Really a great deal for the small lots in town and I understand we have the Stocker family to thank for being included.

Permalink Reply by Jim Henderson on July 14, 2012 at 4:41pm

Sierra Buckeye still has to follow all the procedures.   They have to sign all those little lots THEN they have to file all the permits (which includes all the pre-drill water  testing THEN they can do site prep and start drilling.   Where is the permit?   It may be quite a while before any drilling starts. It will be six months before you see the royalty money while they make sure you really do have the mineral rights to sell them.  Best of luck to you folks.

Permalink Reply by Frank on September 11, 2012 at 5:21pm

 

Here are our most recent updates on lease bonus prices rumors and info at Shale Gas Insiders.  They are broken down by Ohio county.  Let us know via the contact us page if you have any updates on these amounts!  Again, these amounts are info that we are hearing from our sources around the state and comments left on our site. They are not meant to be definitive as they may be rumors, opinion, or speculation.  We ALWAYS recommend doing your homework, contacting a legal professional for advice, and getting multiple opinions on the value of your land.

 

Lease Bonus Prices
Ashland	$2,000 Per acre
Ashtabula	$3,900 per acre
Athens	$3,500 Per acre
Belmont	$5,200 Per acre
Carroll	$5,300 Per acre
Columbiana	$5,000 Per acre
Coshocton	$2,700 Per acre
Guernsey	$5,000 Per acre
Harrison	$5,300 Per acre
Holmes	$4,100 Per acre
Jefferson	$3,800 Per acre
Knox	$2,500 Per acre
Licking	$4,000 Per acre
Monroe	$5,200 Per acre
Morgan	$3,800 Per acre
Muskingum	$4,000 Per acre
Noble	$5,000 Per acre
Perry	$2,400 Per acre
Richland	$2,000 Per acre
Stark	$2,800 Per acre
Trumbull	$3,900 per acre
Tuscarawas	$5,500 Per acre
Washington	$3,000 Per acre
Wayne	$2,000 Per acre

Mahoning new at $5,000 per acre

I also see that Barnesville just signed for $5500 plus 20%.

Permalink Reply by Paul Martinelli on September 14, 2012 at 7:13am

I know Eclipse has offered $5500  in Tusc. 

Permalink Reply by Frank on September 27, 2012 at 5:48pm

On Tuesday 4 trucks were passing through Gnadenhutten headed southwest out past Edwards Ridge Road doing seismic testing.  They had many miles of wire strung out.  They must have been blasting as the house was shaking every so often while the trucks were out front on the street.

Permalink Reply by Gary E. Harrington on September 29, 2012 at 9:06am

    Paul,

          Is Eclipse a gas company that is new in Tusc. if so do you have information on them as I still hve no lease on my 3.5 acres on Hummel valey rd. on the south side of New philadelphia and would like to secure a lease and Royalty %.

Permalink Reply by Paul Martinelli on October 1, 2012 at 4:00am

Gary,

I don't belive they are leasing down that way...that is CHK  and possibly Sierra territory.

 

But here is a contact for Eclipse:

pjoliet@eclipseresources.com

 

 

Patrick Joliet

Leasing Director

Eclipse Resources I, L.P.

301 Science Park Road, Suite 308

State College, PA 16803

Tel. (814) 308-9754

Fax: (480)393-4565

Web: www.eclipseresources.com

Permalink Reply by Frank on October 16, 2012 at 5:16pm

I sure was excited when I signed for $4000 per acre but now I see Ohio is rated 5th in the country paying as high as $8200 per acre.

 

Permalink Reply by Frank on December 6, 2012 at 6:34pm

Greenwood Resources called Thursday and said they were bringing the signing bonus check on Friday.  That's two months earlier than they have to.

 

Permalink Reply by Frank on July 16, 2013 at 5:14pm

I talked to Robert Sabris at Sierra, 713-365-6110, this morning.  They plan to go very slow.  Do not want to spend 10 million for a well when the 3 wells in Tuscarawas County have not been that great.  They want to find out what others are getting but information is not shared very well.  I sent an e-mail to them and he responded a few days later.  Call him if you want to learn more,

Permalink Reply by Frank on August 8, 2014 at 5:20pm

Got a letter from Sierra Buckeye today.  They are letting their lease in the Gnadenhutten area expire as they could not  find a partner to drill with therefore, could not economically justify developing the lease.  They paid $4000 per acre for the  lease and now  letting it expire