All things pertaining to the Marcellus & Utica Shale

Chevron offers?

Our current offer from Chevron is 3000 per acre / 15% royalties. According to the landman they have now reduced new offers to 2500 / 15%. Anyone receive an offer from Chevron recently and for how much? A friend received an offer from Shell of 3250 / 18%. Why is Shell going up and Chevron going down?

Replies to This Discussion

Permalink Reply by David Good on January 21, 2012 at 10:22am

Kristen, We just came to a lease agreement with Chevron (at amounts listed at the start of ths discussion) and are waiting to sign. Perhaps this is a landman bargaining ploy or they are not interested in certain areas? We are between Karns City and Petrolia on Butternut Road.

Permalink Reply by Jon on February 1, 2012 at 8:32pm

I recently spoke to a shell landman about an offer of $3,250 / 18%. It was an interesting conversation. We had a lease from an attorney, we know that other people used the lease. He started cutting stuff out of it, because we it wasn't "necessary". If it wasn't necessary why did he care enough to cut it? Seemed really weird.

Permalink Reply by Kristen Rider on January 21, 2012 at 11:03am

Dave, I'm on Cherry Rd but i do know of someone in KC who signed for the same as I was offered. Could you give me Chevrons contact info?