GasBuddy Blog

GasBuddy News Article

votes

New Value for Land in Rural Ohio

NY Times -- CALDWELL, Ohio — The energy boom has swept into the rural counties of the upper Ohio River Valley, producing a torrent of investment in mineral leasing that is jolting the economies of small towns and swelling the bank accounts of some working-class families.

Here in Noble County, where vehicle repair and convenience stores are economic mainstays, Eclipse Resources, a Pennsylvania company, mailed $16 million in oil- and gas-leasing checks last month to 70 households whose property has been found to sit atop oil and gas reserves. Working with a lawyer in nearby Marietta, the residents were able to band together to negotiate an unusually lucrative deal with the company that paid $4,000 an acre and 19 percent royalties on oil and gas production, and included safeguards to protect water and l

Read the Full Article

Submitted Jun 11, 2012 By: Cakes77

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: New Value for Land in Rural Ohio	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

Cakes77 Champion Author Harrisburg Posts:5,156 Points:1,651,670 Joined:Aug 2006	Message Posted: Jun 12, 2012 8:18:19 AM Ignore Cakes77 Report Abuse Thanks for your nice comments folks on this article. Keep them coming!
335d1 Champion Author Virginia Posts:2,376 Points:758,070 Joined:Feb 2011	Message Posted: Jun 12, 2012 6:46:15 AM Ignore 335d1 Report Abuse Will help the farmers, but there may be issues with water rights.
KAR120CSII Champion Author Oregon Posts:3,172 Points:619,620 Joined:Apr 2010	Message Posted: Jun 12, 2012 2:48:32 AM Ignore KAR120CSII Report Abuse Just don't drink the water.
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Jun 12, 2012 1:26:48 AM Ignore TRYWI Report Abuse okay
Ahking Champion Author Orange County Posts:3,502 Points:602,520 Joined:May 2011	Message Posted: Jun 12, 2012 1:14:25 AM Ignore Ahking Report Abuse we all want that.
scottriedel Sophomore Author Tennessee Posts:202 Points:358,580 Joined:Dec 2011	Message Posted: Jun 12, 2012 12:03:20 AM Ignore scottriedel Report Abuse that is great
Vetteblu Champion Author Denver Posts:2,665 Points:778,870 Joined:Oct 2010	Message Posted: Jun 11, 2012 11:19:18 PM Ignore Vetteblu Report Abuse Good for Ohio!
davenles Champion Author Texas Posts:3,191 Points:716,935 Joined:May 2011	Message Posted: Jun 11, 2012 11:09:18 PM Ignore davenles Report Abuse Good negotiating.
humblepie Champion Author Toledo Posts:34,179 Points:2,370,395 Joined:Mar 2006	Message Posted: Jun 11, 2012 10:23:51 PM Ignore humblepie Report Abuse you wont see alot of rolls royces around there either these folks are the salt of the earth folks