Members of the Landowner's Association of Muskingum and Coshocton County along with a few of members of their legal advisory team met with the Muskingum County Commissioner's on Thursday to discuss their goals and give them an update on the future of gas and oil drilling in our area.
"As the Utica play will move west into Muskingum County, we want to make sure that they were aware of the size of our group and what our goals and expectations were," said Gary Wilson, a member of the group.
The Landowner's Association has about 200 members with a combined total of 20,000 acres from both Muskingum and Coshocton Counties. The group has legal advisors from Belmont, who have experience in the industry, advising the homeowners on what prices they should ask the oil companies for and what they should avoid doing.
"So we've encouraged our people to hold together and knowing that other landowners in other counties have been able to negotiate much more lucrative deals than what you're going to get from the industry," said Wilson. "The more we hold together and stay together, it puts us in a stronger position in negotiating a price for our oil and gas that they may want to buy."
Wilson says the main goal of the group is to have a minimum lease of $5,000 per acre and a minimum royalty of 20 percent.