How much per acre in a monthly royalty check ? Certainly it would depend on a few or maybe many factors ..... but give examples if you have them please.
If someone has the figure for drilling in a section ( say about a square mile or 640 acres ) and how many wells were drilled ( horizontal or verticle ) we could then do the math for the size of our acerage included in the section. Or for others who may own many sections etc.
yes per acre, Plus and equal share production.. remember this is company to company.. not land owner to company...so what it a mounts to is that there appears to be a very differant valuation between companies going on other than what we as land owners are being told...
and I have been informed of deals as high as 30k an acre in Eastern, PA
I know a group of Turkish companies that want to come here as well, so I don't think we have seen even the beginnig of a bidding war start yet..
Could be interesting with soo many foreign interests sniffing around as well..
yes, and who (what companies and players) is becoming involved is directly related to what kind of royalties you can expect moving forward..
what the present companies are offering landowners is not what they appear to be trading (value ) between each other..
I live in south western ny about 3 miles from the PA border(potter county) we have over 200 acres. I was wondering if the utica shale is located under me as well as the marcellus. I had an offer a couple years ago from a land man for $750.00 per acre. I didn't sign. There is also a transmission pipe line that borders my property. Will that make my property more desireable to a drilling company? Just curious. I don't here much about the shale plays in my neck of the woods. Any info would be appreciated.
yes , maybe in Mexico, but in your land unit, which comprises usually 6 wells, per square mile (640 acres)
no horizontal well has been getting less that 2-3MMFD, the vertical well, yes.. not in PA anyway..
so more likely you are looking at a boldfaced liar.. work with a land coalition or group of land owners with lawyers..
multiply 6 wells by 2 mmfd an you get your estimated production... the UTICA is stil very much unexplored, and based on new core samples and a few test rigs, could be far larger in final production than the Marcellus shale..
BTW, most companies would not get out of bed for .75MMFD..., not when they can get 2-3 MMFD somewhere else for sure..
do your own research and do nothing witout a gas lawyer..
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