All things pertaining to the Marcellus & Utica Shale

Hanover Township Activity

Any news on activity in Hanover Township? Range is currently offering 2500/17% and I hear Chesapeake is around $3100/17.5%. I also see they are digging another well on Rt 18 around Hickory so they appear to be moving north toward the southern Beaver County line. Any other news or info on leases anyone?

Replies to This Discussion

Permalink Reply by JD on October 20, 2011 at 1:25pm

Was just inquiring about the same thing. I was wondering how much folks are getting in Beaver county and who is signing leases there. Do you know who is the leasing agent for Chesapeake? Thanks.

Permalink Reply by Jason N on October 20, 2011 at 2:22pm

I'm still trying to get a name of the leasing agent.

Permalink Reply by ShaleAdvice on October 21, 2011 at 10:25am

I am actively working with landowners in Beaver County.

Permalink Reply by locke on October 24, 2011 at 8:04pm

I have been offered the above numbers by Chesapeake and Range... Seemingly in Hanover Twp Range has been much more active and has the leased numbers. Chesapeake has more leases in the northern part of the county. That being said, Chesapeake is offering me $500 more per acre in Hanover Twp.

Question ::: If I sign a lease with Chesapeake and most of my neighbors have signed with Range.. what happens if I'm the piece that doesn't fit being the lone Chesapeake person? Land swap between Chesapeake and Range ?

Permalink Reply by Jason N on October 25, 2011 at 9:11pm

They barter these rights like stocks. I have Range people on my right and Chesapeake on my left so I'm just going with one of these 2 whoever offers the best royalty %.

Permalink Reply by Steve Crespo on October 25, 2011 at 8:16pm

any word on working there way toward chippewa beaver falls area with leasing?

Permalink Reply by Jason N on October 25, 2011 at 9:14pm

Yes, I know people who have signed for 1600/acre 15% royalty. Chesapeake energy and Range are both up in that area.

Permalink Reply by glenn on October 25, 2011 at 9:33pm

$1600 IS WAY LOW. I'm 300 yards into Lawrence County and it's $3000 HERE.

Permalink Reply by Jason N on October 25, 2011 at 9:39pm

Yeah, they were impatient. I tried to tell them to hold off for competition but those $$$$ make people wacky!!!

Permalink Reply by Jason N on October 25, 2011 at 9:15pm

ShaleAdvice. Who do you work for and how can I contact you?

Permalink Reply by ShaleAdvice on October 25, 2011 at 9:43pm

Its more than $3K! stownsend@shaleadvice.com