Dan Brockett
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Profile Information

What is your role?
Landowner, Other
Which state(s) are you following?
Pennsylvania

Comment Wall (2 comments)

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At 8:36pm on November 16, 2011, George Brown said…

Hi Dan

I signed with Shell for $3250/acre and 18%.

 

Here are some ideas for addenda to a lease.

  • Make sure the royalty is gross, at the wellhead rather than net after deductions
  • Pugh Clause
  • Restore premises to pre-drilled conditions
  • Shut in limit, 5 years or less if you can get it.
  • Oil and gas only (not things like gold, uranium, copper, etc).
  • Lease release - just states that they need to provide you a written release if/when the lease is terminated for any reason.

Hope that helps.

At 10:25am on July 14, 2010, Keith Mauck (Site Publisher) said…
I wanted to officially welcome you to the site! GoMarcellusShale.com isn't just a website - it's a network with tools that allow us to fully share our experiences in the Marcellus. Please be sure to fully check the site out. Be sure to note the following:

1. County Groups - Here you can connect with others in your neck of the woods.

2. Discussion Forum - Here you can take part in general discussions on the play.

3. Photos - Get a feel for the play with member generated photos and upload your own.

4. Videos - Check these out

5. Mineral Lease Offers - Track recent offers or add an offer to our excel spreadsheet.

6. Blogs - Add a blog and let us know what you think or share some of your expertise.

Great to have you on board and I hope this is a place you can jump right in and contribute. Have fun "shaling."

best,

Keith Mauck
Site Publisher
 
 
 

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