Is there a scheduled meeting of this group for July 25th? Would like to know any info possible please.
Will be there!
Did anyone get to the July 25th meeting at St. Florian? If yes, please share your thoughts with us about the meeting. Thank you
I was there Larry. Wow what a turnout! If you'd like you can message me and I can give you some information. Basically Marquette is offering $3700/acre and 17.5% royalty. This not a land group contract so it is not guranteed they will sign everybody in Harrison and Jefferson county. If they want your property then they will pay you these figures. Marquette basically has 120 days to determine this from the date we sign which is tentatively set for Aug. 8th.
You will see offers go up now that the gloves are off and big boys are bidding against each other. If you have property they want you may want to give em' a call.
I am thinking of signing with DPS Penn for $3800 + 17.5% royalty, guys I work with have said that the bonus will keep going up until the end of year and I should not sign yet. I know that last year some people in my area signed for $200.00 per acre and wish they would have waited, would it be wise to think that I may be able to get $5000. per acre in a few months if I hold off on signing? I only have 38 acres to lease.
I have another question about the groups being organized in the area, is it true that the lawyers actually work for the gas companies?
Did you get an actual offer on paper for $3800 + 17.5% gross royalty? Did DPS put a maximum acreage amount on the unit size? I presume you have to use DPS lease form with addendum. I am a lawyer who has represented large numbers of landowners in groups and I do not work for the gas company. Ask directly any lawyer that you suspect is working directly or doing other work for the gas company, if he is and trying to lease your land to the same co, that is a major conflict and he can lose his license.