I am receiving payments in Washington County and a couple of other locations. I own properties in 14 different locations in Western Pa. I also own property in Union Township, Washington County that will soon will be…"
"Don't worry, in a few years they will be able to horizontally drill NY from Pa. They can run a horitiztal drill over two miles now. In maybe in 10 years from now they will be able to drill 50 miles. However, I am not sure if…"
"If the Mainland Resources' CEO knows so much than why has he not bought leases in the Marcellus Shale? Marcellus Shale "Southwestern Pa" has the lowest breakeven point of any Shale Play in the United…"
How much are you receiving a month? Is your well located near St Marys? I heard a well in Elk County was the best in the state. Is it yours? Did you retire with all the royalties you are receiving? Should I sell…"
Why are people against gas drilling when it's replacing coal as our primary electric generation fuel? Does coal mining cause more harm to our water and forest in PA than gas drilling? Did you lease your…"
"Seems like Mr. Rosen does not want to actually debate this issue. For some reason it is not even possible to answer his posts.
Sounds like the standard NIMBY or anti approach, declare catastrophe with no fact...just to confuse the situation and get…"
"Water can not be tested again since it was dumped from a truck on public roads to be disposed of for whatever reason. Companies have big lawyers and turn the table on the poor people. I have to go to court to defend myself as to…"
"only one thing here I want to say...you havent seen houses or 401ks go down..my God the housing market is terrible adn it affects evryone. my sister had a house that was worth $400,000.00 2 years ago and the bank sold it for $189,000.00 and…"
" Water contamination evidence? No, only a eyewittness account and water sample that when tested came up radioactive, but I am a nobody and they said we contaminated the water sample and it was not duel tested, thus, no good as…"
Carol, sounds like you want to hold on to your rights, which is fine. Suggest you follow the advice of some of the other posts, and either sell off a small portion of your land, holding on to the larger acreage, or wait for some higher offers, perhaps after the companies begin posting production numbers. Good luck! P
Carol, the offer I would consider making (subject to mineral/title search) is about $200 per acre for a 50% interest of future royalties on 133 acres, for a total of $26,600. Sorry if you misunderstood.
Carol, it would depend on your existing lease terms and where your property is located. Did you sign with Chief? Primary term of 5 or 10 years? Royalty %? Does your lease allow for deductions, to make the gas marketable, or is the royalty payment "without deductions"? Are you allowing surface activity on your property, or is it strictly subsurface? And lastly, where precisely is your land? Thanks. P
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 ]