You are right. All the Trenton permits are labeled as STRT and the best information I found about STRT is that it is a stratigraphic test. All the Point Pleasant permits are listed as EDPW and I did not research what EDPW…"
My best guess is the Trenton Black River is one of them. I heard over a year ago that the core samples were rich in oil and of course it was considered proprietary information and the source anonymous. The seismic…"
"We are in the process of estate planning. One of the first steps is to get the mineral rights evaluated. Are there any appraisers qualified to appraise mineral rights for estate planning? Any information would be helpful."
"You're welcome and good luck. Check your "Friends" list. If you're willing, I'd like to be kept updated on your progress with respect to your pursuit of a fair market lease. I'll reciprocate of course."
"I believe this clause allows you to accept an offer from another party. I also believe that you would have to provide to your current lessee a copy of the signed/notarized lease. But beware, this new offer/lease will be matched "in all terms…"
"Brian, it is not the complete clause. It states in full the following: "If at any time during the primary term hereof, or within 1 year from expiration, cancellation or termination of this lease, Lessor receives an acceptable, bona fide third…"
"That's my understanding but it might be wise to have a lawyer review your lease in its entirety to make sure. I'm not sure how willing a 3rd party might be to offer a lease knowing the lessee has the right to match. Two questions, did you…"
"Thanks Brian. My lease states "if anytime during the primary lease , lessor receives an acceptable offer from a third party to lease the leasehold, Lessor shall provide in writing the particulars of said offer to lessee. They shall have 30 days…"
"It depends upon the wording of the clause in your lease. Anyone's response without knowledge of the specific wording in your lease would be worthless generalization and/or speculation (not unlike what was posted here previously). Some…"
"I had the same experience a couple of weeks ago. Investigated the payment for seismic testing and learned that the low rate is $5 per acre and the high end is $25 per acre with $10-$15 per acre the mid range.
The lease had a place for…"
"We have a farm in Carroll County, and our lease said 640 acres is a unit. We were told they would go around us if we did NOT sign the addendum that was open ended as to the unit size, meaning it could be 1000, 10,000, or whatever…"
We are leased with Chesapeake. I have heard that Chesapeake wants a 640-1280 acre drilling unit. I have also heard that Chesapeake is re-negotiating some leases with 160 acre unit sizes.Will Chesapeake set up a drilling pad on a smaller unit or insist on a 640-1280 unit size? Has anyone been approached to change their lease to a larger unit?We have a 240 acre family farm and 4 years ago I had included in the addendum of our lease that this farm of 240 acres is a unit and could not be changed…See More
Glad to be on board. I will get my picture on as soon as I know how. I have never communicated this way so there will be some trial and error. Some of us baby boomers have learned enough computer skills to survive. Blogging has not been a survival skill to date.
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 ]