"I have a question regarding this map. If a well loops slightly onto our unit, but the majority extends into another unit from the pad, do we get royalties on that well as well as the one that extends directly through our unit? We are Shores NW and…"
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Mari-Anne Mahlau replied to Wayne Miller's discussion 'Bradford Co units map 3/2/2013 update' in the group Bradford County, PAMari-Anne Mahlau replied to melissa humphrey's discussion 'Chessie pays 2.65 Feb checks, Dec production(not bad) and DEP Prod view' in the group Bradford County, PA"Thank you Melissa. Chesapeake just told us that no royalties have been paid yet, but that it will be paying very shortly. "
Mari-Anne Mahlau replied to melissa humphrey's discussion 'Chessie pays 2.65 Feb checks, Dec production(not bad) and DEP Prod view' in the group Bradford County, PA"Now, these production rates drop off fairly quickly, right? Does production ever increase after being just ok? Just curious since we're new to this. We are part of Shores NW in what I guess is Sheshequin. I'm trying to determine whether we…"
Mari-Anne Mahlau replied to melissa humphrey's discussion 'Bradford Gas prices' in the group Bradford County, PA"what is a "gathering"? And who was promised $12 gas? My fiancee and I inherited land with a lease and are completely new to all of this lingo. Is there a thread where the process and how royalties work is laid out?
Current gas prices on…"
Mari-Anne Mahlau replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"Oh I get the patience thIng, but buying a house right now would be very good considering it is a buyer's market. This house we found was valued at almost 300k 5 years ago and is selling for 235k now. I believe they have drilled all 6 that are…"
PHILIP ANGELO replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"Just be patience don't be hasty. Hast makes waste. Is there a well drilled yet or producing ?"
Mari-Anne Mahlau replied to Wayne Miller's discussion 'Bradford Co units map update 6/8/2012' in the group Bradford County, PA"Download the Google Earth app. That was what it opens in for me. Not sure if it would have worked with the standard Apple map."
Mari-Anne Mahlau replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"And we are completely new to any of this. It's all Greek right now and I am trying to educate myself doing research. I was happy to find this site and forum. The other thing the mortgage guy suggested is to see if the gas company that owns our…"
Mari-Anne Mahlau replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"We were just talking with a mortgage expert who suggested we might be able to borrow on potential future assets from it since it would at some point be earning on a regular basis for a number of years. Of course, he is in NJ and admittedly…"
melissa humphrey replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"interesting. if not now, should be a future trend.
it is possible you may need to be producing 1st.
are you getting royalty?
could be hrd to borrow 150k on 15 A.
mkt for 15 A of subsurface outright now with 2$ gas may be 4-5k…"
Mari-Anne Mahlau replied to Wayne Miller's discussion 'Bradford Co units map update 6/8/2012' in the group Bradford County, PA"Hi! I am new here. What do the colors on the map mean? On my iPad, the link opens up Google maps. Is there a map key?"
Mari-Anne Mahlau replied to Mari-Anne Mahlau's discussion 'Using our subsurface rights as collateral for a loan' in the group Bradford County, PA"Oh, and there is a pad in our section (not sure of the terminology for the parcel our property is associated with), but not sure how many wells are on the pad."
Mari-Anne Mahlau added a discussion to the group Bradford County, PA
Using our subsurface rights as collateral for a loan
My husband and I own 15 acres with a home on it in Bradford county. It is leased and we are preparing to sell the surface land. Has anyone ever gotten a loan using your leased rights as collateral? We are hoping to buy a home and need to take a non traditional loan and want to buy the house outright. We are hoping to borrow $150k. Has anyone in this area heard of this being done with banks in the region?
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- Pennsylvania
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- Marcellus
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- We inherted my mother-in-law's property in Townda, PA last year which had a lease and the company exercised its option. We are preparing to sell the house and property, but retain the subsurface rights. I am here to learn about this whole process and about hose royalties work.
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