"Thanks Wayne!
How do I get that overlay for northern Sullivan Co.?"
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Richard Newton Jr
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Richard Newton Jr replied to Wayne Miller's discussion 'Bradford Co units map update 9/25/2011' in the group Bradford County, PA
G S Gass replied to Richard Newton Jr's discussion 'Lease/Royalty Monies' in the group Sullivan County, PA"Richard, It appears CHK performed due diligence, ran your title and found a reservation of 1/2 interest. The payment order allows adjustment of bonus consideration to account for net acreage. CHK and the other exploration companies run…"
Richard Newton Jr added a discussion to the group Sullivan County, PA
Lease/Royalty Monies
Hi all! We recently got a check from Chesapeake for the signing bonus per acre thing. The amount is exactly 1/2, or half of what we signed the lease for. We have a "Fee Simple" deed, which means to me that there are no liens or any other prior commitments to the deed. Why would "gas co." only come up with half. And what would happen to the 18% royalties, would that be halved as well? Has anyone run up against this?Thanks!!!See More
Richard Newton Jr replied to Jeff's discussion 'Sullivan County Gas Well Map' in the group Sullivan County, PA"Jeff, Thanks very much for this post. So much makes sense now as to how they are getting the gas from the wells to market. It's coming sooner than I would have thought.
According to the map you posted, I was able to understand why a new road…"
Richard Newton Jr replied to Jeff's discussion 'Chesapeake buying out Chief leases?' in the group Sullivan County, PA"I think $50,000 is a very good number to lease my land per acre, but I'm not very interested in the bonus money. Pure and simple, we are not going to have any long term dividends unless the gas gets to market. Therefore we need pipelines to…"
Richard Newton Jr replied to Jeff's discussion 'Chesapeake buying out Chief leases?' in the group Sullivan County, PA"Hey all, I'm on the other end of this quandry. I've signed with CE(recently) at way below what my neighbors did and then a landman from Chief visits and says they would offer this and that to us, but sorry "you've already…"
Richard Newton Jr replied to Mandy Hofmockel's discussion 'PSU student looking for interviewees for class'"Mandy,
Yes, yes you may use our property and our views for your production. We are in Sullivan Co. and although we don't have a well on our property we have one within 1/2 mile of our house. We have heard all the horror stories about well water…"
Richard Newton Jr replied to beth hamm's discussion 'Sullivan County - Hotspot?' in the group Sullivan County, PA"I would have to agree with you. Sullivan is a "Hot Spot". Hot enough that G/C won't even consider any addendums to the lease they offered me. I spoke with an attorney and was informed that G/C has spent to much time and money with…"
Richard Newton Jr replied to Richard Newton Jr's discussion 'Coveytown Well Drilling' in the group Sullivan County, PA"Thank You very much! I skimmed it a bit and it seems light years ahead of the basic lease I have been offered. I will really read this document closely. Thaks again!! RN"
marilyn ascani replied to Richard Newton Jr's discussion 'Coveytown Well Drilling' in the group Sullivan County, PA"Hello, neighbor. The Friendsville lease has every imagineable clause possible. You can google it, I believe."
Richard Newton Jr added a discussion to the group Sullivan County, PACoveytown Well Drilling
Hello All,I need to apologize in advance if do do anything impolite in this method of communication. I'm new.All said, my family has owned a very small(2.35acrs) plot in Cherry Twp. a little over a half mile from the well pad at Coveytown 5h OG Well. My wife and I remodeled the place this past winter/spring hoping to retire there someday. I made time recently to understand a landmans lease offer. I need to have an attorney negotiate with the energy co. I have a list of addendums that I feel…See More
Profile Information
- What is your role in the Marcellus?
- Landowner
- Why are you here?
- Learning, Leasing Your Land, Selling Royalties, Protecting the Environment
- Which state(s) are you following?
- Pennsylvania
- Tell us your story...
- I've only recieved one letter from a RedSky Land, LLC.
Comment Wall (1 comment)
- At 11:37am on August 2, 2010,
LandownerKeith 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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