I was wondering if people have started getting royalty checks in Bradford yet. My husband and I own 25 acres and have negotiated 20% royalty along with a $5500 bonus. We signed last year. How much will we make in royalties? I know that there are many variables but I'm just looking for a ballpark. I know there are online calculators but I have no idea about some of the variables I need to input. If anyone can help me out with info, please let me know. Thanks!
Hi, there is a calculator, and wells in use (showing production output) on the Pennsylvania Dept. of Enviromental Services..Click on Oil and Gas in the left hand column, then click on Marcellus Shale in the center area..There you will see many interesting items. Your local extension office can help you too.
Are you saying you rec'd 5,500 as your bonus payment for lease of the land? Which is 220 an acre right> Or did you get 5,500 pr. acre for 25 acres? 20% is good for Royalties.
Burlington Township. Shop your property around. You don't need to lease through Chesapeake. We leased through Fortuna (now Talisman) but I was the one that did all of the contacting. I contacted Chesapeake first and they majorly low-balled me so I moved on to all of the other gas companies that were leasing in my area. Eventually, Chesapeake will probably take over your lease like they did with mine especially if they have leased around you but in the meantime, you will have a better lease then what Chesapeake will offer you. Also, what is the royalty percentage? That is more important than the bonus money. If you do find someone to sign with, make sure they are not deducting their expenses and you get the royalty from the wellhead. Chesapeake is notorious for setting up leases with deductions.
Be aware however, that bonus money seems to have come down since I leased. The gas companies seem to have shifted their priority from leasing to developing what they have already leased. This makes sense because they will want to develop land already leased before the primary term on current leases expires.
For a list of gas companies that are leasing in your area, contact the recorder of deeds at the Towanda courthouse. They are extremely helpful. Good luck to you.
We had a lease offer of $4000.00 with a 16% royalty. We were ready to sign, but they recinded the offer saying they weren't leasing in our area right now. We are in Ridgebury twshp. I am wondering if it has anything with proposed legislation next week. Anyone have any ideas?