"What is the best royalty language to get paid for processed NGL's and/or any other products after it leaves the wellhead for processing?
I'm going to sign a lease this week but I'm not satisfied with the royalty…"
"I haven't seen a recorded deed for anything close to $6000 per acre in any of the Eastern Ohio counties. The deeds have to be recorded, so it its true, why doesn't someone pass along the recording information to prove what it is that…"
"You might get 6K for unleased minerals, but nothing near that if the minerals are HBP or you just signed a lease and are trying to double up. Generally speaking, its difficult to get companies to close a deal at 3K, and usually they come back…"
"I called those guys and its the same as everyone else, as soon as they find out that you are HBP or just signed a lease all they want to pay is $1500 an acre. I'm interested in selling, but not giving it away! Let me know if you get…"
"$3500 and 18% Gross sounds competitive! I'd study that pretty hard before I walked away b/c EQT is drilling, and the wells they are drilling are above average. Keep us posted b/c I've heard much better numbers from Chevron…"
"There have been 22 new wells permitted in Washington Co. Pa from 1/2/13 to 1/15/13 by four different operators. I would say Washington Co. Pa is very active and I've seen lease extensions and renewals being recorded. "
I spoke with Jeff Bailey today from the non-profit group ALOV that was so successful in April with their 60,000 acre lease of land in Columbiana, Carroll, Jefferson , Mahoning ,Stark, Tuscarawas,and Harrison Counties that was signed with Chesapeake. This was a $2250/acre, 17.5% Gross Proceeds royalty that was very landowner friendly. They are gathering landowner names/contact info to start a Belmont county group. This might be a good chance for us in Belmont to get a lease written for the benefit of us landowners and not the oil companies or middlemen. Their website is below.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]