lease rates

There is going to be a lease meeting on the 28th of January at the Wells Inn in Sistersville come out and see what is going on with lease rates in Tyler and Pleasants counties

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Replies to This Discussion

Permalink Reply by Bob Donaghy on January 26, 2012 at 6:04pm

Saturday 1/28! What time? Who is having the meeting?

Permalink Reply by Hank on January 29, 2012 at 9:15pm
I am in Ohio and could not make the meeting. Did anyone go to the meeting? I am curious what the lease rates are in Pleasants County. Does it make any difference if the land is close to the Ohio River since there has been so much interest in Washington County, Ohio?
Permalink Reply by Hal Whitlatch on January 30, 2012 at 7:15am

Hank,

We had a few people and will be back next Saturday with additional advertsing for the meeting.

Rates in Pleasants vary a little with the location , generally $1000 per acre and 15%. It makes no difference where you are located in relationship to the river.

Permalink Reply by carol armstrong on February 4, 2012 at 9:08am

Does anyone know about the leasing in Tyler County W.Va My relatives had an offer for $2,000an acre.

Permalink Reply by Hal Whitlatch on February 5, 2012 at 7:05am

Be sure they read the lease CAREFULLY>

I can send them a lease for Tyler County that covers their interests at a slightly lower amount but no hidden clauses and will allow for other ways to increase the actual money received.

It pays $1850 upfront paid up and 15% royalty and 90 day DD period.

Permalink Reply by John Dewey Polt on February 5, 2012 at 3:08pm

Hal,

Would you send me one to peruse?

Permalink Reply by John Dewey Polt on March 20, 2012 at 10:13pm

Hal,

Antero has offered $3,250 per acre and 18% gross royalties with the protections for our land that you had and then some, through addenda. My group said that was too low. Chesapeake has offered to beat that.

Permalink Reply by Nancy Mosley on March 20, 2012 at 11:37pm

Mr. Polt,

Are you in Tyler?

Permalink Reply by John Dewey Polt on March 21, 2012 at 8:46am

Yes. Shiloh area.

Permalink Reply by Daniel Zugell on March 21, 2012 at 12:31pm

Would these discussions be relevant to 25 acres in McElroy District in Tyler, Co.?  We have had offers from Antero and Jay Bee for much less about a year ago.

Dan

Permalink Reply by John Dewey Polt on March 21, 2012 at 12:37pm

Daniel,

My wife and I have 133 acres, and with our neighbors we have a drilling unit. Antero made an offer on our combined acreage of: $3,250 and 18% with land protections,( No foreign gas, no storage, approval for roads, wells, etc.). Union District.

I hope the word gets out.

Dewey

Permalink Reply by Daniel Zugell on March 27, 2012 at 11:03am

John, Hal et all,

Did you separate Marcellus, utica and Upper Davonian Shale or are they all wrapped up in a typical lease?

Also, do I need to hire an attorney or can I do the negotiation myself?  Is there a place to get a recommended objective sample lease from someone that does not a motive or vested interest?

Dan

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