James Edward Thistlethwaite
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Introduce Yourself
I was contacted to lease a portion of land in Monongalia County by a landman on behalf of NNE. Thought the lease was too long and bonus and royalty terms too low. Would like to learn more about general lease terms in Western PA, W Va for Marcellous shale, what to avoid in leases and suggestions on what general lease agreements should contain. Also interested in any post production taxes or production taxes in WVa that comes out of Royalty
What is your role?
Other
Which state(s) are you following?
West Virginia
What shale plays do you follow?
Marcellus

James Edward Thistlethwaite's Blog

Mineral Right Lease

Posted on January 17, 2014 at 5:03am 0 Comments

I have been offered a lease for mineral rights and do not know the value of the lease.  Does anyone have any idea on what is customary for lease length,  bonus per acre, royalty percent, shut price etc.  Any input on the current leasing would be most appreciated.  Thanks in advance.

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