Replies to This Discussion

Permalink Reply by nc man on July 15, 2016 at 3:54am

The man from Purple Land management keeps calling, since Feburary, and presenting the same low ball offer for Ascent ($500.00 an acre).

My brother responds with the same answer--- no thank you. 

He calls several times a month so Ascent must still be interested in our minerals.

Our lease is up in 3 months, so, either Ascent will cave in and renew our original lease or we will be released from them.

Time will tell.

Hopefully another o/g company will pick us up, with a decent offer, if Ascent doesn't cooperate.

Anyone else with Ascent heard anything?

Well, that's all I have to share.

nc man

Permalink Reply by cecily cox on July 16, 2016 at 11:18am

Nothing is happening, end of story.......... Oil will have to go up to at least S60.00, and stay there, for drilling to be profitable. I heard a rumor that the Saudi's are going to turn down the spout, but who can trust their word? Don't sell your minerals, hold them like a saving account. They aren't worth anything now anyway. This bust hit everyone unawares, including the oil companies. Figure the boom will come again, in 5 years or so. So just tuck those minerals rights away, and don't spend money you don't have. I've spoken to several people who are getting royalties, and they all say they are getting about a fifth of their original checks. Nothing we can do, except live our lives like we use to. Actually, it's kind of nice not having all the truck traffic and no garbage along the roads.........

Permalink Reply by Robert Bond on August 3, 2016 at 12:57pm

See on the ODNR website under county engineer's report the Betts 2H,4H,and 6H were listed on July 29,2016.  Hope this is an indication of others to follow.

Permalink Reply by bo boboski on August 16, 2016 at 8:19am

Ascent just pulled 3 permits for the BETTS wells in Londonderry Twp.

Permalink Reply by Robert Bond on August 16, 2016 at 8:21am

Thanks for the information.

Permalink Reply by Emily on September 27, 2016 at 12:32pm

Abe troyer well will be fracked next week

Permalink Reply by Emily on September 27, 2016 at 12:33pm

Anyone have any update on troyer west land unit?