Guernsey Lease Offers: County / Date of Offer / Royalty % / Bonus Per Acre / Acreage

Ohio-Guernsey County     06/27/2011     15.00%     $1600.00     5 years     100.00
Ohio-Guernsey County     10/22/2011     20.00%     $5000.00     5 years     5.00
Ohio-Guernsey County     09/26/2012     20.00%     $5000.00     5 years     48.00
Ohio-Guernsey County     09/27/2012     14.00%     $3600.00     5 years     40.50
Ohio-Guernsey County     09/27/2012     14.00%     $3600.00     5 years     40.50
Ohio-Guernsey County     02/27/2012     16.00%     $2000.00     5 years     0.75

ADD YOUR"S BELOW. Please add any additional qualifying info; Section-Township-Range etc.

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Replies to This Discussion

Permalink Reply by Greg Felty on March 27, 2023 at 1:11pm

I think ascent is leasing there also, so ironhead  must be getting them to re lease to ascent.

Permalink Reply by David Cain on May 8, 2023 at 9:28am

Ascent has done some selective leasing at roughly $4,000 per acre and 17% no deduction on a 5 year lease in SE guernsey.

Permalink Reply by Greg Felty on May 30, 2023 at 2:30pm

Does Ascent usually take the 120 days to pay the lease bonus or do they pay quicker than that?

Permalink Reply by David Cain on June 2, 2023 at 7:30am

Greg,

My contract was for 60 days and they waited until the last couple of days before making payment.  Good Luck!

Permalink Reply by Greg Felty on June 2, 2023 at 8:27am

Thanks

Permalink Reply by scott peterson on June 2, 2023 at 9:12am

I am still waiting for payment on my lease with Steel City Mineral Fund & Appalachian Resources Development Group LLC.

Was supposed to be in 75 days which came & went. Now into a 30 day extension period for payment. 

They are claiming backlog with title search company. (hmmm)

Two of my neighbors in same boat.

Will update with hopefully positive news.

Permalink Reply by Greg Felty on June 2, 2023 at 12:31pm

Good luck Scott, hope you get it soon.

Permalink Reply by scott peterson on June 3, 2023 at 1:01am

Thanks Greg, you as well !

Permalink Reply by Greg Felty on July 10, 2023 at 8:31am

Received my check on the 119th day of the 120

Permalink Reply by David Cain on July 12, 2023 at 10:47am

Congrats Greg.  Now we just sit back and wait to see if /when they drill.

Permalink Reply by Greg Felty on July 13, 2023 at 9:47am

Thanks David. It sure would be nice to see them drill ours.

Permalink Reply by scott peterson on July 24, 2023 at 3:02am

Beware of Steel City Minerals & Appalachian Resources Development Group LLC (ARDG LLC). Signed a lease agreement with them back in Feb. with a specified deadline for payment. Deadline came & went with no payment & no reason given or any communication whatsoever. They are not responding to my lawyer at KWGD & have not cancelled or filed a release with the county recorder. 

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