I was contacted by northwood on behalf of Statoil. the lease has Northwood on it , not Statoil. What is the advantage for doing this ?

Views: 1794

Reply to This

Replies to This Discussion

But why is Northwood still signing leases?

Are you near Monroe Co. Ohio Twp.?  Rumor is a new well is going in there which would be Statoil territory, somewhere on Long Ridge the rumor mill says.

Green Twp...  looked to me like they have nearly all Ohio twp. and some in Lee, Salem, and Green

Magnum Hunter/Triad has some good acreage in Ohio Twp.;   take your time with lease; the addendum is the important part that is where your protections are;  curious that Statoil continues to use Northwood to lease;  unfortunately Northwood's leases have never had a good reputation/favorable to the landowner.  IMHO the less pages the lease, the landowner is not getting even adequate protection. Everything needs spelled out, no assumptions.

Yes it is

Nothwood Energy, is not a driller, although they hold many acres due to buying up old leases, they are a well refurbisher. We are currently HBP by them, now I am wondering if they sold us off to Staoil?

http://www.slideshare.net/MarcellusDN/slide-presentation-on-statoil...

William check this slide presentation; think it is page two; shows locations of where Statoil bought acreage.  In southern Ohio it is only Monroe County.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service