Artex Roserun Lease Perry County Ohio

I have been approached by Artex for a lease in Perry County/Clayton Township on my 404 acres. The rights for the Clinton/Berea are held by a small operator.I have retained the rights below the Clinton. Artex wants to do seismic to look for the Roserun. My question is if I agree to the lease for the Roserun does that ruin the future of the Utica drilling in the future? I live in Knox County/Morgan Township where Artex/Knox Energy is currently doing seismic surveys of the whole township and parts of two others. My property there is held by a Clinton by Knox Energy and Devon Energy owns the Utica. I agreed to the seismic in Knox because I felt I didn't have anything to lose since I'm tied up. The Artex offer in Perry is $350/acre. Are there any formations below the Utica/Trenton that could be future Horizontal drilling prospects? Thank you in advance.

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Permalink Reply by James Vanderink on January 16, 2014 at 1:10am
Very good advice. Remember Anschutz also leased this exact area(northern Perry and Fairfield) that you speak of heavily back in 2008-2009 then assigned it to Chesapeake. Now Artex is filling in the missing pieces. Anyone's guess as to the "backer" , but the interest is there.
0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 16, 2014 at 3:42am

Artex has a history of funding its own operations and rarely (if ever) uses outside money.  I could see a JV with another mid-sized private producer, but frankly they have a lot of money and it's possible that this is the next step for them.

Permalink Reply by James Vanderink on January 16, 2014 at 5:02am
I'd love to know what Anadarko paid to them for the Utica Acreage. Atleast they aren't putting their eggs all in one basket.

Cleveland, OH – November, 2011 – 1955 Buford Mill Parkway LLC has recently sold the Lowes Home Improvement property, a 128,997 SF facility built in 1998 and situated on 16 acres of land, located at 1955 Buford Mill Parkway in Buford, Georgia.

Pamela Bertovich of CRESCO Real Estate represented the seller, 1955 Buford Mill Parkway LLC in the $13,125,00000 investment sale. The buyer was Arloma Corporation and James Huck LLC and was represented by Fred Graft, of Equity Inc.

Warewick Holding LLC to Arloma Corp. and James Huck LLC, in T.F. Hazens Middlebrook subdivision addition, $7,650,000.


• 2607 London Groveport Rd., Grove City, bank

Amount: $1,454,000

Buyer: James Huck LLC

The Broadbent Co., the retail real estate developer that spent much of last year battling lenders in court, has sold one of its prime properties.

Broadbent recently sold the building that houses Kohl’s department store at Fashion Mall Commons for $15.3 million, or about $177 per square foot, according to a CoStar Group report.

The 86,634-square-foot building at East 86th Street and Union Chapel Road was built in 1997. The Kohl’s lease runs through 2023, said Susan Brixius, a representative in the New York office of Marcus & Millichap, the firm that represented the buyers.

The sale, to James Huck LLC of Marietta, Ohio, and Arloma Corp. of Santa Barbara, Calif., did not involve the multi-tenant portion of Fashion Mall Commons, which comprises about 160,000 square feet.
Permalink Reply by Harry E. Rose on January 16, 2014 at 6:09am
James, What is the connection between this and oil and gas or is this just aside article?
Permalink Reply by RAYMOND bAUMAN on January 16, 2014 at 6:17am

 Would be very interested  in  any more information on this.  I have a position on Twp  Rd 29 in Clayton and off  #8 Hollow Rd where is your land in Clayton.  There has been some exploration and production from the Rose Run  in the past,  I need to look that up, but no big play in the area. 

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