Replies to This Discussion

Permalink Reply by Nickb on October 18, 2018 at 2:20am

I had an offer from Ascent for $4,000.00 per acre and 20% royalty, with the standard boiler plate lease agreement.  I have not accepted their offer.

Land is just west of New Athens

Permalink Reply by Poison Ivy on October 18, 2018 at 11:39am

I'm glad to hear that some landowners in Athens Twp are getting offers. A few months ago, most of my neighbors re-signed with chesapeake for $2700 per acre, 20% royalty, standard agreement. Myself and the remaining neighbors were not offered anything from anybody and our leases (that were with chesapeake originally) have expired. We are also located west of New Athens, Harrison county.

Permalink Reply by keepthefaith on October 18, 2018 at 12:53pm

 Nick, Don't take that offer or their lease.  You can do better.  Ascent is paying more than that and you can get a better contract.  They'll hound you because they want a quick close but stick to your guns.  Hiring an oil/gas atty (not your local we-do-everything kind) wouldn't be a bad idea to get the best deal. 

Permalink Reply by Poison Ivy on October 20, 2018 at 7:58am

Does anyone have any idea as to why Jockey Hollow State land hasnt been leased out yet? A good amount of acreage is in Harrison county. thanks

Permalink Reply by Barnez on October 26, 2018 at 4:58am

State Lands usually go up for a silent auction bid every 5 years. Also there are many restrictions on the lands to build/explore/extract etc.

Permalink Reply by bo boboski on October 26, 2018 at 8:13am

That may be so. but surely Salt Fork state park's 21000 acres would give the state of Ohio a good shot in the budget if they'd lease it. I'm sure they don't want any drill pads or even truck traffic on the land, but that is exactly what happens at Seneca Lake. They just built the pads close to the lake and drilled under it about 7000 ft. down. Musking Watershed group is making millions and never see a truck on the property!.  Ohio now has an oil&gas leasing, exploration commission that keeps having meetings,but never get to any actions. Maybe they are working towards your "silent auction" date?

Permalink Reply by Robert Bond on October 24, 2018 at 1:23pm

Thanks for the replies I am hope for some more and am trying to learn as much about this as I can.

Permalink Reply by keepthefaith on October 25, 2018 at 5:14am

We signed for $6000/acre and 20% gross.  Go over the contract carefully.  You can get a better one than what they are offering.

Permalink Reply by Robert Bond on October 25, 2018 at 6:35am

Was this in Athens Twp.? And if so how recent?  Was it with Ascent or who?  Thank You!!!

Permalink Reply by keepthefaith on October 25, 2018 at 10:05am

Athens Twp. Very recently.  Ascent.

Permalink Reply by Robert Bond on October 25, 2018 at 10:16am

Thank You.

Permalink Reply by Nickb on October 25, 2018 at 10:34am

Yes, thanks, good info to have.

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