Replies to This Discussion

Permalink Reply by Chuck on February 6, 2016 at 7:34pm

I have also noticed this forum has went a bit cold, are there other forums that have more activity for Guernsey? 

Permalink Reply by bo boboski on February 6, 2016 at 11:31pm

Yea Chuck, not much talking going on lately. Probably due to the lack of any activity round here. But with all the leases expiring this year,I'm sure this forum will soon see some jabber. There is a rig drilling in Guernsey again too, and another due to show up any day. Some Guernsey countians post on the main forum instead of this one.

Permalink Reply by Laura on February 7, 2016 at 3:28am

A quick search of guernsey county recorder, showed Gulfport released 160 acre lease along McCoy road, in January. It was a Tri-Star Energy Holdings lease. I'm not familiar with the details of those. Actually, they have released 4 of them since first of the year.

Permalink Reply by Philip Brutz on February 7, 2016 at 7:01am

The KWGD Gulfport leases will up for renewal in late October. 

Permalink Reply by nc man on February 8, 2016 at 7:17am

Phil,

Hi friend!

I'll refresh your memory and say I am the guy from NC that holds a lease with my brothers.

We signed with Shell in Oct. 2011.Minerals in Londonderry twp.

A few days ago, a Mr. Whesterfield from Purple Land Resouces in N. Canton came to my brother's door, saying he is representing Ascent Resources and wanted to sign a year lease.

Non figures were discussed and the visit short.

My sister-in-law is having serious health problems and my brother ask for another time to talk.

It is 8 months till the lease is up and we found it strange we would be getting an offer for a year lease so soon.

What do you or anyone else think about this?

Any advice?------

(that is no figures were discussed---this site will not let me correct!)

Thanks much!

nc man

Permalink Reply by bo boboski on February 8, 2016 at 9:10am

'I'd say if they want a 1 year ,Lease extension,instead of 5 year, it should be worth 1/5 th of what the 5 year re-lease should have been. I recall that was $5000. per acre. So it should be $1000. per acre to extend the lease 1 year. They must be planning on drilling within a year? At least it's better than what Eclispe has been offering people to extend their leases. They want to extend 5 years,but want to pay in 1 year installments.

Permalink Reply by nc man on February 8, 2016 at 12:54pm

Thanks for the thoughts Bo!

You're with Ascent, too, aren't you?

Have you been givin' an offer or been contacted?

I remember you saying, in a past comment that you, too, were located  in our area, leased with Ascent.

(Guernsey County------Londonderry Twp.)

Makes sense what you said but what do you think about holding out for a 5 year, same terms as original lease?

Have no idea if they are planning to drill.

Do these oil companies,usually contact, soon to be expired lease owners, 8 months before the lease will expire?

My lease says 180 days they can start negotiating a new lease.

This is 2 months earlier than expected.

When I know something about the offer, I will share it with y'all.

Thanks for everyone's ideas on this.

nc man

Permalink Reply by bo boboski on February 8, 2016 at 2:45pm

I was leased with Shell, Now Aubrey. I kind of like the one year lease Idea. Easier on Taxes! And maybe they will continue to re-new the new lease every year. Cheaper for them, if they aren't gonna drill right away. I also have 2 separate leases with Chesapeake. Not in a drilled unit yet.     Maybe Aubrey is feeling out the landowners with leases coming due,to see what the mindset is?

Permalink Reply by nc man on February 9, 2016 at 2:18am

thanks, Bo!

Until my brother and the rep from Purple Land Resources, come together, we won't really know what the deal is.

Is Aubrey(AEU/Ascent) seroiusly wanting to offer us a renewal or they just feeling us out to what we expect to be offered? 

I feel like you, Aubrey McClendon has his "feelers" out!

8 months in advance before the lease runs out.

Anyone else out there, that signed with AEU//Ascent, been contacted and want to share some info with us all?

Have mineral rights only.  located---------north of Rt. 22/west side of Skullfork Rd.--section 21 on the ODNR map.

Land is owned by K&R ConservationLLC.

nc man

Permalink Reply by Philip Brutz on February 8, 2016 at 9:13am

ncman, which company currently holds your lease?

Permalink Reply by nc man on February 8, 2016 at 12:34pm

Phil,

Ascent ResourcesLLC------Mr. McClendon

Permalink Reply by nc man on February 9, 2016 at 2:50am

Matt,

I am sure you are right but no harm in dreaming! LOL!

Do you, or anyone that has been in my position, being approached with an offer for a one year  lease, have any suggestions how to approach the person giving the one year offer.

Do you wheel and deal, until you come to an agreement?

Or should you let the person offering, just hang for awhile and not make a commitment with him,

just to see if he really wants your lease badly enough.

Wait till he contacts you back, for the second time?

Any guidance or suggestions, by anyone, on this subject, will be much appreciated.

Appointment with the rep from AEU/Ascent will be in the very near future.

nc man

• ‹ Previous
• 1
• 2
• 3
• …
• 9
• Next ›
• Page