Buckeye Mineral

  Anyone hear from Buckeye Mineral?  I, as well as many others signed until the end of June. I realized it was a long shot for them to come up with a lease, but I expected  an effort by them to extend the contract past June. Any one hear anything?

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Replies to This Discussion

Permalink Reply by Ronaround on June 26, 2013 at 10:27am

Well the question is how many hold outs in Ashtabula county north of Rt.6 are there?  If there waiting  for a shooting star to sign then we will all be in trouble.I signed with Buckeye last year hoping with group convergence to give land with lots of coverage for a better sale.I am hoping that hold outs don't leave holes in possible land leases.  Any thoughts?

Permalink Reply by Joseph-Ohio on June 26, 2013 at 11:04am

My neighborhood is fragmented among lessees / HBP.

We're the only ones un-leased as far as we know.

It's going to take a deal or two or more to bring everyone to the same table.

This isn't by choice / a case of holding out - it's a matter of sorting things out.

Good luck to all of us - we need it.

Permalink Reply by Joseph-Ohio on June 26, 2013 at 11:06am

Why hasn't Buckeye tried to solidify the landowners and get more to commit ?

We haven't heard from them since this thing started.

We've called them but they haven't called us.

Puzzling isn't it ?

Gives us pause.

Permalink Reply by Joseph-Ohio on June 26, 2013 at 1:28pm

Depolarized Farmer

The way we see it, there's Buckeye, then there's EALA.

They're two different entities.

Not casting stones just stating a fact.

I don't see why a smaller more interested local group wouldn't work out for us (speaking for ourselves only here - to each his own).

Our neighbors as far as we know are HBP / are tied into deficient tailgate leases.  We even have a neighbor who we think is signed up with EGL.

And BTW how do you know the acreage is being marketed by the Township ?  Have you seen a lease agreement ? 

What works best for ourselves will be our call - no one else's.

Don't get me wrong - solidarity is a good thing - if attainable.

Good luck to all of us - we need it.

Regards,

J-O

Permalink Reply by Ronaround on June 27, 2013 at 12:44am

I to had heard they were going to market by township based on the size of Ashtabula county. weather it's true or rumor leaves to be seen.

Permalink Reply by Joseph-Ohio on June 27, 2013 at 1:25am
How much of what we hear can we believe ?
Permalink Reply by shantycreekfarms on June 26, 2013 at 2:54pm

EGL in my opinion is a good group to go with because you are not locked in and can walk at any time. They have no experation date and also take those HBP .

Permalink Reply by james mcmeechan on June 27, 2013 at 6:34am

  At this point in the game I'm not sure it matters who you sign with. I'm sure Bob has been trying, it's an awfully large payday for him if he could get a deal done. I know I would be doing more than waiting for the phone to ring. Has anyone heard of a large leasing since Black Ridge or Black River came through? I only get offers from the flippers. They don't call, they don't write, they don't visit. Even Range Resources, who held my old lease, didn't make contact when I filed my forfeiture notice. When all this started, I had my eye on a new tractor, now I think I'll go change the oil in my old one.  

Permalink Reply by Joseph-Ohio on June 27, 2013 at 7:03am
Only big outfit we've heard about doing any leasing
lately somewhat nearby is Halcon.
Don't have any knowledge of the quality of their
leasehold agreements (from a landowner perspective).
Our ground is supposed to be in their targeted area but,
we've not heard from them.
Perhaps they're only dealing with the wholesalers - don't know
for sure.
We would be happy to work out a lease with a smaller local Driller if that
smaller local Driller would agree to split proceeds realized should our
lease agreement be sold / assigned to another.
We're looking for a non surface development type of lease and one with
no foreign flag money involved.
I guess we're in wait and see mode. Would like to see that improve.
Keep the faith brother.
Permalink Reply by Bryan on June 27, 2013 at 12:58pm

I believe all of the oil companies are waiting to see what south county produces before they make any moves.

Permalink Reply by Bryan on June 27, 2013 at 2:41pm

Did you mean spring 2014? First I've heard of that....we got a letter from Beland that said Beusa will be in the area in the upcoming months preparing sites. Last I heard July/August.

 

Permalink Reply by Joseph-Ohio on June 27, 2013 at 3:10pm

Yes I meant to write spring 2014.

Should have written as follows (as per what I've read elsewhere on these pages):

"Wayne Township's well is on hold until spring 2014 for some reason.

Infrastructure issues ?"

Sorry 'bout that typo.   But I guess it happens from time to time.

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