Leasing in Stark County, OH

I have been working with Chesapeake Energy in leasing my land.  Has anyone else been approached about leasing.  I am told they are planning on drilling in the Utica Shale.  I am sure there are other members who have been contacted. 

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Replies to This Discussion

Permalink Reply by sharon k knerr on March 15, 2011 at 12:11pm
chesapeake just offered us 4 hundred an acre...i'm hearing people in carroll county are getting 2 thousand acre....
Permalink Reply by Campbells Farm on March 25, 2011 at 12:30pm
The going rate in Stark County for me & my neighbors has been $1K per acre for a 5 year lease or $1500 per acre for a 10 year lease.  I know quite a few who got that, including our property.
Permalink Reply by James Harber on April 1, 2011 at 4:31am
There are people in Carroll county getting offers of $2,500. a acre plus 17% royalty, that is a good deal. If interested I can connect you with a friend who is part of thr Carrol County Landowners Group. That is the way to go, unite and then you have leverage in numbers.
Permalink Reply by James Harber on April 1, 2011 at 4:33am
No way! Just wait and give it a few more months and you will see prices move up to $3,000. a acre plus 15%-17% royalty.
Permalink Reply by Allen Voshall on February 3, 2011 at 8:05am

Hello,

I have just been contacted by Chk.  I have 40 acres in Stark.

If anyone can tell me how to contact Sierra, I would like to know what the competition is offering.

Also, how much flexibility $ can I expect from the initial offer?

Thanks to any replies

allinv at hotmail

Permalink Reply by Becky Dunlap on February 14, 2011 at 11:53pm
Does anyone know if they are putting any wells near the Minerva, or paris ohio locations? thanks
Permalink Reply by jeannie on February 15, 2011 at 1:04am
To my knowledge, until the landmen come around they do not know yet where wells will be placed, they have to make a block first. Have you leased with anyone yet?
Permalink Reply by David Mohn on February 22, 2011 at 4:52am

I have heard that CHK has plans to drill 2 wells in the Kensington area very very soon.  Also, I just spoke with a land agent this morning from CHK and from what he told me CHK wants to really start drilling this area in 2011.  CHK land agent also stated that the Utica is showing signs of being very wet so that is a real plus.  Not only is there royalities off of gas but it looks like there will be oil too. 

But like everything else, I am not going to start spending my royalities checks until I start getting them! 

Permalink Reply by Paul Martinelli on February 22, 2011 at 5:11am

David,

 

What are are you talking about when you say CHK wants to really start drilling this are in 2011.....is it just the Kensington area?

Permalink Reply by David Mohn on February 22, 2011 at 5:18am

From what I gather, they want to start drilling Northeast Ohio and Stark County because they have purchased so many acres now.  From the way it sounds, I would say most of Northeast Ohio will be seeing allot of activitity this year.  At least I hope so.  AND the landagent said this after my daughter signed her lease!   So as always, your guess is as good as my guess. 

Permalink Reply by sharon k knerr on March 26, 2011 at 9:26am

Is anyone in Stark county trying to organize landowners? this will diffently help us to receive alot more signing bonus and higher percentages on royalities....I have close friends in Carroll county that are getting $2250 per acre and 17% royalities....they have large groups of landowners and have an attorney helping them...

 

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