"In other states it has been tested in courts to drill under a property thata is not leased. if a company is willing to take the chance, they can drill the well, produce the gas and pay the royalties to all the other landowners. If,…"
Don't discount your negotiation power because of your small acreage tract. If it is in the middle of what they plan for a unit, you could have some leverage. I don't know what they are paying for bonus in your…"
"Graig, I don't think anyone can tell you what to do but I do know that CHK is the worse to deal with. They started in the $400 at 12.5% about a year ago. I did hear that one of the large blocks of land haven't signed and this…"
"Looking for some input on a lease we were offered for 2.5 acres in Venetia. We met with the landman and the deal is $3100 per acre and 12.5% royalty. I inquired about the 12.5% and thought it was too low based on what I have read…"
"Thanks for the information on the meeting. I live in Michigan and can't attend the meeting. My Brotherwho lives on the property will attend. I would appreciate any information you could share from the meeting."
"So, basically, you leased with a drilling commitment - the drilling commitment came with a penalty, but the company would retain the lease, if they paid the penalty(ies). Smart, and you got what you wanted - good up front monies, and a well…"
How many leases have you signed? I mean, do you have acreage that you have signed with a company?
Reason I ask, I have acreage in several states, multiple leases over the years, and I have found, especially on this site, alot of…"
"Hi Carol, Our 16 acres joins a 300 acre parcel just west of the Trax farm. I have no idea how they come up with their offer. Do they go by size, location, or some other requirements. What would you suggest for a counter offer?
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 ]