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Tyler County, WV

All things pertaining to natural gas leasing in Tyler County WV.

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Members: 172
Latest Activity: Jul 13

Discussion Forum

Antero Pieline

Started by Bob Donaghy. Last reply by Kyle Nuttall Jul 13. 1 Reply

Tax bills Tyler County

Started by Steve Crowe. Last reply by Steve Crowe Jul 28, 2016. 4 Replies

Hadley Well

Started by Mary Carter Beary. Last reply by Bob Donaghy Jun 13, 2016. 37 Replies

Freeland unit

Started by Robert lee Evans jr. Last reply by Jim White Sep 7, 2015. 51 Replies

Landman wants to buy oil, gas and minerals rights

Started by Clark Edgar Cross. Last reply by Suzy Jul 18, 2015. 6 Replies

Tyler County online records

Started by Nancy Mosley. Last reply by Suzy Jun 10, 2015. 5 Replies

Potential Tyler County Royalties

Started by Bob Donaghy. Last reply by Bob Donaghy Feb 21, 2015. 70 Replies

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Comment by Tim Woodburn on March 7, 2016 at 6:59pm
They didn't do that with this one, Kyle. Although I have not yet been able to reconcile JB's DecimalInterest numbers with my calculations.
Comment by Kyle Nuttall on March 7, 2016 at 6:12pm

The other thing I've seen with a lot of DOs, even the most simple ones, is that they ask you to certify that you own 0.xxxxxxxx in the unit.  You don't have the numbers necessary to calculate that number, so it's not right for them to ask you to certify it.  I recommend that you cross out "certify", initial the change, sign the DO, and send it back like that.  They may make a fuss, but tell them you can't certify something you can't figure out on your own.

Comment by Tim Woodburn on March 7, 2016 at 6:08pm
Thanks, WVMO. there's one of those in there.
Comment by WV Mineral Owner on March 7, 2016 at 12:48pm

Tim,

I strongly suggest you read the DO very closely.  Jay-Bee has been sending out DOs with non-typical clauses, such as an 'Indemnity' clause.  While the DO does state it does NOT amend the original lease, I do not see any reason for additional clause that may cloud an issue.  Contact the NJ office and request a traditional DO.

Best of luck,

Comment by Tim Woodburn on March 7, 2016 at 12:26pm
Two other family members and I, owners of mineral rights on 70 acres in Tyler County, have received a notice from JB, our Lessee, that they have drilled a well that affects our parcel.

Before we sign the Division Order they sent, are there any questions we should be asking them? It would seem like we are pretty much constrained to the conditions of the lease at this point.
Comment by Kyle Nuttall on March 4, 2016 at 3:01pm

DM, my idea of value for a mineral acre is way out of line with what companies seem to be willing to pay.  I wouldn't let something go for less than $6,000 per acre, especially considering that there's both Utica and Marcellus to be developed in Tyler.  Finding a company willing to pay that seems to be a challenge, though.  If your net acres are close to the gross acres, then maybe you can get considerably more.  I haven't had the chance to work with someone who has a large net to gross ratio yet, though.

Comment by DM on March 3, 2016 at 5:48pm

Kyle. . any handle on value if you are selling acres. . old HBP lease about 100 a month in income in Tyler . . I think union district. . i belive its at 1/8th  about 17 net acres. . 

Thanks!

Comment by William Dotson on March 3, 2016 at 5:47pm

Thanx Kyle

Comment by Kyle Nuttall on March 3, 2016 at 5:10pm

William Dotson, the bonus rate they've been offering has been going down lately, and I haven't seen a lease from Tyler in a couple of months, but the last offer I saw was for $3,500/acre.  I did see a lease offer for $3,500/acre in Pleasants County the other day, from JayBee.  15% royalty.  If the folks hire me to negotiate for them I'm going to be asking for more, of course.  I had heard that Antero wasn't taking leases in Tyler any more, but JayBee, Statoil, and EQT should still be operating there.

Comment by William Dotson on March 3, 2016 at 3:52pm

Anyone know what the current bonus rate is per acre for Tyler Co. acreage?

 

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