Any information on that meeting yet?
Close to getting a meeting in Clarion. I recently ran into the same situation in Mercer County. I was able to renegotiate many of my client's shallow well leases well in advance of any expiration. I will keep you posted.
I also got a call from Union Land Resources regarding a shallow well lease. The terms/amounts were the same as yours. I have 25 acres in Richland Township and I asked him to send me the documentation to look over. It's been over a week and I have not received anything yet. What township is your property located in?
Has anyone pursued these shallow well lease offers from Union Land Resources? I have an offer from them as well and am curious what the general consensus is?
Mike-- I think we will hold off and see what develops. Concerned with a barely producing well tying up the land forever. Would think that a Pugh clause would be critical if you sign.
Ed, thanks for the reply. That's the way I'm leaning as well, to hold off and see what other opportunities may present themselves.