Replies to This Discussion

Permalink Reply by Joseph-Ohio on May 26, 2015 at 1:28pm

I take the null response as a negatory.

(From about 168 of us (at this point) anyway).

Permalink Reply by elliemae82 on October 29, 2015 at 2:14am

How much longer do they have to drill before lease money will be due again?

Permalink Reply by Joseph-Ohio on October 31, 2015 at 2:25am

Sounds like another null response elliemae82.

Permalink Reply by elliemae82 on October 31, 2015 at 2:53am

Will be interesting if any leases are extended. 

Permalink Reply by Joseph-Ohio on October 31, 2015 at 4:23am

Standing by to read / hear about it.

Hoping we don't see a lot of Forced Pooling Applications to the ODNR to pool lands / landowners into substandard tailgate leases. That's always been of serious concern to me.

That's why Ohio needs to either revise force pooling rules to provide a modern land / landowner cognizant Leasehold with a minimum $3,000 / acre sign on bonus and paid up front delay rental and at least a 12.5% guaranteed royalty - or repeal it altogether.

That would need to be applied to all Ohio forced pooling / forced unitization applications for any long horizontal bore in any strata / for all pooled acreage amounts - HBP or whatever.

All as it always is, only IMHO.

Permalink Reply by Bryan on October 31, 2015 at 1:25pm

Leases will be up next fall. Not sure if the leases will be renegotiated.

Permalink Reply by elliemae82 on October 31, 2015 at 2:49pm

Thanks Bryan, time sure is flying.

Permalink Reply by Joseph-Ohio on October 31, 2015 at 4:22pm

Thank you Bryan.

Keep us all informed kindly.