Chestnut Resources

Douglas Jefferis · 2019-10-03T11:16:03Z

Anyone familiar with the company? Got a lease offer from them on smaller parcel we have in Belmont County coming off lease. No other offers in waiting and still a couple miles from closest production so agreed to terms. Been 2 months and heard nothing from them. Nothing recorded and no replies to emails. Granted everytime I call there there is always "someone new starting" or something going on. Wondering if this company is just a lease flipper - or are they actually leasing themselves? Do they actually pay ? I recognize that research and recording can easily be 90 days. Quick search of property records show they hold 2 adjacent property leases (of 1 acre each) and bought 5 acres of minerals in Belmont County - but nothing else. Obviously not alot of NEW names popping up in the industry presently and the boom days of 2007-2012 have slowed in leasing deals. Just curious if I will actually ever see a dime from them - or if they are passing my property around hoping for a buyer - and if it fails to materialize just get a letter passing on the lease they agreed to?

Ohio Mineral Rights Belmont County, OH

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