ALOV and Northern Trumbull County- Updated Discussion to include BP Lessor's and Bonus money Payment's

Hello all!

 I have been doing a little research and speaking with friends and neighbors about forming a group to address the needs of those of us not yet represented by a landowners group.

This led me to call ALOV after hearing that they had accepted some acreage in Trumbull county.

I paid little attention to ALOV earlier as their website did not list Trumbull county as an area of interest, although the work they were doing was certainly of great interest to me.

 From what i gather there was a cut-off of June 30 for sign-up with ALOV, they extended that and also had a meeting at RD banks Chevy in Champion. This may not be news to some of you, but i had not come across the posting until after. The word i got from an individual at ALOV was that Chesapeake set a northern geographical cut-off in Trumbull county of St.Rt.88, again this may not be a newsworthy flash to some. Many landowners attended, more than expected according again to a source at ALOV, and signed up their acreage.

Now heres the news, ALOV has agreed to start a "Waiting List" of still more interested parties from areas north of St.Rt.88. If you call them with name, address and phone number they will put you on the list, and depending on level of interest, they may choose to represent us as a group in a similiar fashion, with the same or even better terms to Chesapeake, or another interested party.

So call up ALOV, their number is listed on their site www.alov.us , and ask to be included in their next go around. From where i stand why re-invent the wheel, they already have done the groundwork and have the attention of the industry on favorable terms, lets ask them to either start another "Pool" to include us, or come work with us to the same end.

If you have information to share, please join in the discussion, Thanks 

 Hello again to all my fellow Utica Shale Owners. I Just stopped in to ask if there were any who signed with BP from the ALOV Northern Trumbull county group, that resulted from these efforts, still around.

Has anyone had any conversations/correspondence from BP concerning title defects, or other issues that would delay payment or affect your lease, or gotten a check for Bonus money? 

 

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Replies to This Discussion

Permalink Reply by Green Acres on September 28, 2012 at 8:43am

Mortgage companys are including the mineral rights on their liens to protect themselves from people walking away from their properties after recieving bonus checks. 

Permalink Reply by Kenny on September 28, 2012 at 11:06am

I am being told that it depends on the wording of the mortgage.  Some of the smaller farm banks have language in the mortgage that requires consent to pay rents and bonuses.  All they should have to do is get the consent signed by the bank and send it in and they will receive their check.

Permalink Reply by Landowner on September 28, 2012 at 8:36am
I know people with and without mortgages who have received checks and vice-versa. It is the title search and your mineral rights that matter.
Permalink Reply by Debby Melvin on September 28, 2012 at 3:15pm

Getting kind of lonely up here in Greene....still no visit from FedEx

Permalink Reply by C E Hartman on September 28, 2012 at 3:38pm

Lonely here in Farmdale too.....Friends on 5 heading into Cortland from Johnston got theirs today...  Came with check's, one in his name one in his wifes.  Said they are joint owners..  Had to show ID to get it..

Permalink Reply by Landowner on September 28, 2012 at 5:33pm
Really felt like it might come today, when we signed I thought the people said they had until Nov. 1; then we were led to believe Oct. 1. Wishful thinking I guess. Was anyone else told Nov. 1? Many who signed on the same day have received their checks. I also just heard that BP approached BrstTwnln Rd in Champion.
Permalink Reply by Steven Kacerski on September 28, 2012 at 5:39pm

November 1st was the deadline for the second group that signed in May.

Permalink Reply by Knows-a-little on September 28, 2012 at 3:33pm
What's the chance of the holder of an existing shallow lease, releasing the deep hole rights to the landowner?
Permalink Reply by Paul Martinelli on September 28, 2012 at 4:14pm

ZERO!!!!!!!!

 

Certainly not for free.

Permalink Reply by Knows-a-little on September 29, 2012 at 4:41am
Fang, pennies but yes. I posted this for my wifes benefit...
Permalink Reply by Chuck Davis on September 29, 2012 at 7:49am

Our check came thursday.  Thank you BP and ALOV.

Permalink Reply by Rebecca Blair on September 30, 2012 at 6:23am
Agree w/ fang. Because this is the only route we have left at the time being. As long as the well is moving up & down (sarcastic) ... And squeezing out "pennies"... They still consider it producing.

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