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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Permalink Reply by Chip Gerber on March 22, 2012 at 3:08am
Permalink Reply by Rick Clark on March 21, 2012 at 8:53am

lisa thats the best i have aheard of  18% and  the $2000 Ellsworth 

the offer to Mr polt $3250 must not be in Tyler County , across the river in Monroe, or Belmont counties,

it really should be there or higher , Both the Marcellus and Utica are Wet gas plays  in Tyler county so they can drill both formations and have the expense of one well pad road , pipeline to drill multiple formations.

 

 

 

Permalink Reply by John Dewey Polt on March 21, 2012 at 9:13am

Rick,

I am in Shiloh, Tyler County. I have the offer in writing. The offer is 18% gross, which means no deductions.

Permalink Reply by John Dewey Polt on March 21, 2012 at 9:39am

Rick,

If you would like to talk, please give me a call. I pick-up calls at: 908 537-2927.

Please call me Dewey. My wife is Jeanie. We all need to stick together as landowners.

Here is an interesting website if you have not seen it. : www.shalegasinsiders.com

Permalink Reply by Tom Hart on March 29, 2012 at 12:44pm

Mr. Polt,

My Mom lives in Little, Anterio and Cheasapeak bugging us for lease, they're looking at land confined by Cowhouse, Danser's Lane and MI Creek, about 450 ac. together wih some other plots NW across creek or to SE of Dansers Lane. Have you signed a lease yet? Curious if you have. Mind if I give ya a call sometime? highest offer we've had is $2,750, only heard rumors of $3,250. We're trying to draft riders to lease. We should talk. 

 

Permalink Reply by John Dewey Polt on March 29, 2012 at 12:58pm

Tom,

I suspect that offer was from Chesapeake. They tried the same offer on me. Then I told them about the $3,250 offer from Antero, that I have in writing. The Chesapeake landman said that they would not be beat by price.

Please call me to discuss. 908 537-2927

Dewey

Permalink Reply by Rick Clark on March 21, 2012 at 1:02pm

i really dont know on Antero, maybey someone else has leased, can post the time it took to recieve there payment.   most will pay in less time , get your title work done.. recorded..

Permalink Reply by John Dewey Polt on March 21, 2012 at 1:09pm

Lisa,

I could not reply on the other thread. I do not know why. Union District is west of Meade District I think. We are near Little and Falls Mills.

Permalink Reply by John Dewey Polt on March 24, 2012 at 8:49pm

You're welcome.  According to Chip Gerber's post, Union is Northwest and West of Meade. That was an interesting map. Thanks Chip. 

We are in Shiloh, which is close to the Pleasants County line

Permalink Reply by carol armstrong on March 22, 2012 at 7:24am

Yes my mom and aunt sign for$2000 and 18% i wanted them to wait but they signed

Permalink Reply by John Dewey Polt on March 27, 2012 at 11:46am

Dan,

I joined the 5 star landowners group, which charges a fee if  we vote to approve a lease offer. That group's lease that I saw posted here was the best that I have seen to date. If you would like to talk, please give me a call at: 908 537-2927.

I think that the lease document is the most important item. Once you sign, you and your heirs will probably be bound by that document. I think you are smart to talk to as many people as possible before you sign anything. I have seen some interesting offers in our immediate area. One in Sardis, OH was for $4,250 per acre and 20% last week. I have not seen that lease, only the info. on the net.

 

I am not an attorney. I cannot give legal advice. I am only a landowner who was almost taken advantage of by two different oil and gas companies. Please do your homework, and call anytime.

 

Respectfully,

Dewey

Permalink Reply by Mark Evers on March 27, 2012 at 11:05pm
Hello, I'm new to the site. I just received a lease in the mail from wishgard. I live out of state and have received other leases in the past. I own a few acres in Tyler county. Just wondering what is going on down there. I would like to leases our mineral rights as well. But agree with others that landowners need to stick together. Any advise would be great! Thanks

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