Someone at the Porter Wright Morris & Arthur LLP law firm has a sharp eye for marketing. Every few weeks they re-bundle some of their previous blog posts on oil & gas drilling and issue them as a downloadable ebook. They’ve done it again. Their latest is titled “Common Oil and Gas Lease Conundrums” and it’s a [...]
Are you a landowner with an old, abandoned railroad bed running across your property? You might want to check your deed very closely, especially if you’ve signed a gas lease for “your” property. What you thought was your property may not be your property when it comes to large sums of lease and royalty payments, as some [...]
Southwestern Energy announced yesterday that they’ve picked up 162,000 Marcellus Shale acres in northeastern Pennsylvania from Chesapeake Energy for $93 million. Along with the acreage comes 17 producing (1.2 net) wells with a (very small) 2 million cubic feet of net production per day. The Southwestern purchase nearly doubles the amount of their Marcellus Shale [...]
The Barnesville Exempted Village School District in Belmont County, OH has just signed a lease with Antero Resources for $5,700 per acre plus 20% royalties. Antero also kicked in an extra gift of $37,500 making the grand total for the lease bonus just over $400,000 for the school district. The school’s superintendent Randy Lucas said [...]
The Muskingum Watershed Conservancy District (MWCD) oversees the largest watershed area in Ohio, spanning some 8,000 square miles. After some initial delays a few years ago, MWCD decided they want in on the Utica drilling bonanza happening all around them. In 2011 they leased 2,800 acres of watershed land to Gulfport Energy for $15.6 million. [...]
You don’t read much these days about new land deals and offers being made in the PA Marcellus. Oh it happens, but not nearly as much as it used to. So when MDN runs across mention of a new offer, we figure that’s news you want to know about—particularly where and how much? Rex Energy [...]
In Ohio, oil and gas drilling has been going on for decades, long before Chesapeake Energy “discovered” oil in the Utica Shale a few years ago (see Major Discovery – Chesapeake Energy Strikes Oil (and Gas) in Ohio’s Utica Shale). An article from an Ohio newspaper mentions the amount landowners in Perry County are being [...]
Earlier this week MDN told you about 600-700 landowners in Ohio who won a lawsuit allowing them to terminate leases held with Beck Energy and XTO Energy (see OH Lawsuit Victory: 600-700 Landowners Can Terminate Beck, XTO Leases). Beck and XTO are none too happy with the decision and have appealed it to the Ohio [...]
A court case recently-decided could have big implications for landowners in Ohio. The case means that some 600-700 landowners with signed leases with Beck Energy Corp. and XTO Energy in Monroe and Belmont counties may be able to join a class action to have their leases terminated, allowing them to re-sign with a different company. [...]
Last week MDN told you about a lawsuit by landowners in Preston County, WV who sued to rescind leases they had signed for as little as $5 per acres (see Lawsuit: WV Landowners Want Out of $5/Acre Leases). The companies being sued, Magnum Land Services and Belmont Resources LLC, have filed a motion to dismiss [...]
Antero Resources continues to sign residents of the village of Barnesville (Belmont County), OH to leases with terms of $5,700 per acre for a signing bonus, plus 20% royalties. A month ago MDN told you about the push by Antero in Belmont County and Barnesville (see Antero Offers Barnesville, OH Residents $5,700/Acre 20% Royalties). According [...]
A mother and son have filed a lawsuit against Chesapeake Energy in Brooke County, WV charging them with illegal trespass under their property and taking some of the natural gas that exists in the Marcellus Shale from under their property. West Virginia does not have a pooling law—the right of drillers to “force pool” parcels [...]
According to two at least two West Virginia landowners, Chesapeake Energy has been in no hurry to pay them the royalties they are owed. In each case, the landowner has had to contact Chesapeake. Even after calling Chesapeake, the landowners are still waiting for their first royalty checks to arrive. Here’s the story of two [...]
About 120 West Virginia landowners are suing Magnum Land Services and Belmont Resources with the claim the company’s representatives hoodwinked them into signing leases to allow shale drilling for as little as $5 per acre when, at the time (in 2007), other West Virginian’s were getting as much as $5,000 per acre. The case is [...]
Although Richland County, Ohio is near the outer edge of the Utica Shale and has had no permits issued for Utica Shale drilling, and although drilling close to Richland (in Ashland County) has had “disappointing” results for companies like Devon Energy, the Ohio Farm Bureau reports there’s still a lot of leasing activity in Richland [...]
The deal by CONSOL Energy to lease 9,000 acres owned by Pittsburgh International Airport for shale gas drilling is a done deal. Yesterday the Allegheny County Council voted to accept the deal. A few nut job protesters turned up in gas masks (as is their way). The vote was 9-4 in favor of the deal. [...]
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