Lordstown landowners could get bigger royalties with contract lo - 21 News Now, More Local News for Youngstown, Ohio -

Lordstown landowners could get bigger royalties with contract loophole

Updated:

LORDSTOWN, Ohio - Landowners in Lordstown who have old leases with gas companies may soon be able to get bigger royalties.

NCL Appalachian Partners, who had been drilling on their properties in the Clinton formation, sold its deep drilling rights to Texas based Halcon and a loophole in the contract allows the residents with the Lordstown Regional Landowners Group to bargain over land, safety, and royalty issues as Halcon drills in the Utica formation.

"The Halcon representatives are already in the area with amendments asking people to waive that clause and most of them are members of our group," said Lordstown Regional Landowners President Michael Hodak. "They are saying, 'I belong to The Lordstown Regional Landowners Group, you'll have to see our attorney.'"

The Utica drilling would involve 31 acres of land.

The group's attorney is drafting an amendment to the contract that is representative of its needs, and he will send it to Halcon for approval.

  • More From wfmj.comMore>>

  • Ohio State president, band leaders to meet

    Ohio State president, band leaders to meet

    Thursday, August 21 2014 10:13 AM EDT2014-08-21 14:13:25 GMT
    Courtesy:  NBC NewsCourtesy: NBC News
    University and marching band leaders at Ohio State are preparing to meet to discuss the future path of the organization after the firing of its director.More >>
    University and marching band leaders at Ohio State are preparing to meet to discuss the future path of the organization after the firing of its director.
    More >>
  • Applications for US unemployment aid fall to 298K

    Applications for US unemployment aid fall to 298K

    Thursday, August 21 2014 10:03 AM EDT2014-08-21 14:03:51 GMT
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.More >>
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.More >>
  • Ohio woman sent to prison for school outburst

    Ohio woman sent to prison for school outburst

    Thursday, August 21 2014 9:59 AM EDT2014-08-21 13:59:08 GMT
    An Ohio woman has been sentenced to more than a year in prison for assaulting a teacher, principal and cafeteria worker at her son's elementary school after being told she needed a visitor's badge.More >>
    An Ohio woman has been sentenced to more than a year in prison for assaulting a teacher, principal and cafeteria worker at her son's elementary school after being told she needed a visitor's badge.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms