Potter County, PA

Comment

Comment by BW on November 10, 2011 at 9:38am

how are people marketing their land in McKean County?  Are you guys actively searching for landmen and/or companies?  We have rights in both Potter and McKean and are curious of the process.  Thanks!

Comment by Jules Delgotto on April 28, 2011 at 11:10am

After all this time, It's good to see Janice has finally disclosed her financial interest in the 4 county group

However, I believe the question was " how much of the bonus and what percentage of royalties do you take for your efforts"

 

Your percentage of the bonues payment, as spelled out in your " channel partner agreement contract" with CoExprise will suffice as an answer.

 

In the interest of full disclosure to all involved will you post a copy your "channel partner agreement contract" with Coexprise on their website

Comment by Mark White on April 26, 2011 at 8:00pm

My family has mineral rights in Potter County, PA, West Branch Township and I'm researching the fair market pricing for leases in that area.  After paying a very modest price for the first 5 year lease the company has substatially upped the price after we pushed back a little bit.  I'd really like to know what others are getting per acre, how long their leases are, if they're getting a percentage of the output, etc.

Comment by Jules Delgotto on April 11, 2011 at 12:56am

Tread carefully with some of these land owners groups. Some play the insecure land owner card and tout the benefit of a good lease, as if there are some secret clauses in their posession.

 When in reality, a well versed attorney can draw a comparable lease, if not one tailored more to your personal situation.

Further, in Ms Hancharick's group's case. Aside from taking a portion of your bonus money and a portion of your royalties, you must keep in mind you are signing a contract with Coexprise, the Experts. If you do not accept their results of their bidding process and lease (which will be the group's lease) and decide to go lease on your own, you are still obligated to pay Coexprise their bonus and royality fee. Ouch.

And as for Ms Hancharick, she is being paid by Coexprise, so just consider what you hear very carefully and don't be sold a bill of goods from a landman or a landowners group headed by a company that takes.

Comment by Craig on January 31, 2011 at 8:39am

Don't sweat it for now Bonnie, if they are looking to drill something that will truly affect your property, they will be back, if they were just looking to hold acreage to keep someone else form leasing it, then you are better off. 

Comment by Bonnie Swinehart on January 28, 2011 at 8:46am

Anin Township is where we are located. PGE resinded their offer to us. I do not know why. They keep telling me, we were the only piece that did not have leased. But when we were working on the lease, they pulled out. I was not asking for anytihing that wasn't in their lease.

Comment by Craig on January 28, 2011 at 12:15am

Bonnie,

If you are hearing this from PGE, check it yourself - they do own alot of minerals and leasing a bunch from the PPL deal, but in Mckean county, it is much more spread out than it is in Potter - they don't always surround everyone in Mckean.  In what Township are you located - I can answer in the Mckean Group, if you would prefer.

Comment by Scott Blumenstock on August 20, 2010 at 6:45pm

new to the forum and looking forward to learning even more. We are up for a lease renewal along with 2 other neighbors.. does anyone have a going rate for signing bonuses? Also royalty percentages? We are located in North Fork area of Potter and they have hit several wells in the area

Comment by Bonnie Swinehart on June 10, 2010 at 9:30pm

Just spoke with someone that worked with a broker from NY. Got $5750 an acre and 20% royalies. Paid the broker firm $200.00 an acre. He is in Sullivan County.

Comment by Tom Ayers on June 10, 2010 at 8:40pm

Corner of Sweden/Homer/Summit Twps, 6 mi SE of Coudersport

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