Updated November 8, 2011
This webpage is a little over a year old. During this time frame oil and gas leasing
offers have increased significantly.
As of November 8, 2011 the signing bonus has increased to $5350-$5800 with the royalty percentage at 20 % gross. Leases are being signed by several companies. The best lease terms are being realized by the landowner groups that offer their acreage through a competitive bidding process. I personally believe the money offers will continue to increase with time. The highest offers occur when landowners pool their land into contiguous units.
Presumably, all are aware that Chesapeake recently leveraged 25% of their leaseholds in
Eastern Ohio for $15,000 per acre by forming a JV with an undisclosed oil major.
Tags:
Not that I have heard of, we are in the process of negotiating with Chesapeake, but nothing is done until the deal is signed.
Hey Al, thanks for the info. Can you please give us the number for the ALOV again. It is missing a number.
Al.....I thought the ALOV groups all were signed up?
Is this a new group...and are there any county restrictions on who can join?
Hello landowners,
We had a good kickoff meeting for Phase 2 back on May 7th. This initiative greatly depends upon everyone spreading the word to your friends and neighbors. Recent developments:
Here’s the details on the next meeting, happening this Saturday.
PUBLIC MEETING. Come learn about the latest with HCOLG! We're having another informational meeting to explain the landowners group and talk about the current status of leasing in Ohio. This will be the kick-off meeting for our Phase 2 group. We will also be discussing how we can network together as lease-holders as we move into the gas production phase. There will be an opportunity to ask questions, and landowners can join our group. If you have any questions contact Dan at dellis@hcolg.org. Spread the word.
PLACE: Cadiz, Ohio, St. Teresa Activity Center, 143 E. South St.
DATE: Saturday, May 21, 2011
TIME: 6:00 PM - 8:00 PM
-Dan Ellis
Harrison County Ohio Landowners Group
"by landowners, for landowners"
(866) 931-4197
Dan,
The information that I sent to you on chk and their permit in Columbiana County,
it came from one of my trade publications. But, now I see it is in 5/24/11 issue
of The Intelligencer.
Way to go.......Josh, right again. Thanks, its good to hear others finally confirming
the truth, I just hope others hear what you are saying out loud!
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