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LandownerPermalink Reply by caualie on Saturday

 We've been notified our Frio lease has been sold.  

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LandownerPermalink Reply by Greg B on Saturday

Those like Frio that are assembling acreage will eventually sell since they are not the drillers/operators so that could be a good sign. If you know who they sold it to that would help. On my map I recall seeing some color changes based on ownership. I can have a look and see.

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LandownerPermalink Reply by tacoma7583 on Sunday

I read on another page the frio leases had been flipped to Valedor Energy

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LandownerPermalink Reply by caualie on Sunday

Our understanding was that Frio is a smaller driller operator , though never in the Utica /Marcellous.  Freedom Mineral aquired leases for Frio.  No big surprise they flipped. This Valedor bunch I can not find has ever drilled anything anywhere. Just old management people from other companies, so one has to wonder if they have the money to actually do anything with them.

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Permalink Reply by Kambe on Monday

It looks like much of their management team are former employees of Encino.  This is potentially good news for lease holders, as they were pretty darn successful and were not afraid to push the limits of the play (see the well in Mahoning County where others feared to treat)

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LandownerPermalink Reply by Greg B on Monday

This statement on their website is revealing:

"In the Appalachian Basin, Frio participates as working interest owner alongside proven operators who handle drilling, completions, and production operations."

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LandownerPermalink Reply by caualie 3 hours ago

 It's the financing, not the experience that concerns me. Had to contend  with an old drilled no frac Clinton well once. Company drilled some & went bankrupt. Landowners left with the mess. ODNR was of no help. I really don't want another similar situation covering 5-10 acres.

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Permalink Reply by Kambe 1 hour ago

They are backed by NGP energy NGP Energy Capital | Private equity for a changing world  a multi billion dollar private equity firm.  I would not worry from that point of view.  If you are that worried, I suspect you will get offers to buy your mineral rights, might want to consider that.  might be a nice payout.

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