Not much being said about this lease that Des has put togother? Does not look very owner friendly? Money and Royality good but looks like they capture everything ever found under your property. Not limited to Utica and Marcellus. It also looks like they can pretty much do anything deemed necessary on your property.
I hear that Rice is signing at same place smae time anyone know what they are doing?
Here is the email I received yesterday:
"Anyone Coming to the signing needs to use the back entrance by the cafeteria for the middle school. The scumbags at Rice Energy have weaseled their way into having the front for an impromptu signing to interfere with our signing. Talk about a bush league low down dirty mess. So pass the word that you need to enter at the back of the building near the football field today and tomorrow and pass the word about how low a bunch of people that Rice energy is."
For those of us not from the area, where was the lease signing held?
What Counties and Townships were included in the proposed deal?
Yea that was some low down trick they pulled, funny in a way kinda like a sideshow at a carnival.
Come and get it all the FREE DONUTS you want at the back entrance cafeteria!
Wonder if RICE grabbed some freebie donuts at GREAT RIVER'S Expense.
The "end result" is RICE'S way of "Market Enhancement" for the donuts.
This thread bears reading again, considering recent events.
Des’ profound expertise, in all its glory, is on full display in his post.
Des’ analysis of Market Enhancement language speaks volumes.
I bet Des studied Advanced Carnival Barking with Dan Rice and the Vantage boys while in “Expert School.”
That lease Des negotiated is an abomination from the landowners point of view.
A real expert would have included "through and to language" i.e., no deductions through the pipeline and to the point of sale.
Check out this UT lease written to benefit the mineral owner from a real expert.
that's a good one,paul. I will have to print it out. save if in case the need comes up. so should anyone else thinking of leasing in the near future. in ohio; as in texas !
It's a fair lease for both the Lessor and Lessee.
UT has a vast oil & gas portfolio and hundreds of these leases are signed every year.
It will prevent the Lessee from playing scumbag.
It's clauses are readily adaptable to any lease nationwide.