Caution: The Timeline for Leasing Your Land is Finite
A cautionary tale for landowners (and governments) looking to lease property. There is a finite window of time when your property is desirable and once that window closes, it may be tough to find a lease.
The village of East Palestine (Columbiana County), OH with 130 acres of village-owned land to lease is finding that out—the hard way:
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Wow! Some truly astonishing numbers (if they hold up) for the earnings power from a single Gulfport well in the Utica Shale of Belmont County, Ohio. According to a WVU professor who tracks these things, the Stutzman well, when brought online, will be earning in the neighborhood of $100,000 per day for Gulfport, and a huge royalty check for the landowner.
The Akron Beacon Journal has done a great job of cataloging a condensed list of who is actively drilling—or intends to drill—in the Utica Shale. There are 23 companies in the list. No surprise that Chesapeake is #1 with 325 of the 498 permits handed out so far.