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Ohio Utica Shale

Lordstown landowners getting Halcon Resources offers

By Bob Downing Published: November 12, 2012

from the Marcellus Drilling News:

Very important for landowners in and around Trumbull County, Ohio: Halcon Resources, which took possession of some 31,000 acres of 20-50 year old gas drilling leases in northeastern Ohio, is approaching landowners about amending their leases to allow drilling in the Utica Shale. It’s a good opportunity for landowners to make money from drilling, but also a good opportunity to negotiate new protections.

A new landowner group has just formed in Lordstown, OH to help landowners navigate the offers being made by Halcon:

 

More than 30 landowners in and around Lordstown have formed the Lordstown Regional Landowners Group to maximize their mineral rights opportunities following the transfer of leases to Halcon Resources Corp. that affect 31,000 acres

Michael Hodak, president of the group, and attorney Alan D. Wenger, who heads the oil and gas practice at Harrington, Hoppe & Mitchell Ltd. Youngstown, announced the formation of the group Sunday.

The group owns 5,000 of the 31,000 acres affected, Hodak said. The leases were transferred last August.

The landowners group is scheduled to meet at 6 p.m. Thursday in the hall of Local 1714 of the United Auto Workers, 2121 Salt Springs Road.

“We are looking forward to working with Halcon to develop a mutually agreeable arrangement as soon as possible,” Hodak said in a prepared statement.

Most of the leases Halcon has assumed were signed 20 to 50 years ago when energy companies were drilling relatively shallow wells, Wenger noted. Today Halcon, based in Houston, wants to drill in the Utica shale and its representatives have been approaching landowners and asking them to amend their leases.

The landowners group sees Halcon’s interest in amending the leases as an opportunity to secure more protections and increase compensation due them. To that end the group has retained Wenger who has begun drafting amendments the landowners would like to see made.*

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Utica Shale, a compilation of Utica shale activities.

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Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

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