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197.06 Acres in Bradford County Not Leased - Are we dead?
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My family owns mineral rights to 197.06 acres in Windham Township Bradford County and for a year have been trying to negotiate with Talisman.  Surrounding land is leased and bonus money has…Continue

Started this discussion. Last reply by milton nelson weir Apr 19.

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milton nelson weir replied to milton nelson weir's discussion '197.06 Acres in Bradford County Not Leased - Are we dead?'
"Jack, The surface owner's son is next door, he's leased with Talisman, as are all the surrounding property owners.  Any truth to the news I've read the Shell or one of the other large companys are purchasing leasing rights? …"
Apr 19
Jack Straw replied to milton nelson weir's discussion '197.06 Acres in Bradford County Not Leased - Are we dead?'
"197 acres is significant acreage. I would suggest asking your immediately adjacent neighbors who they are leased with and what contact information they might have. An O &G Operator would prefer to line up sufficient contiguous acreage to allow…"
Apr 19
milton nelson weir posted a discussion

197.06 Acres in Bradford County Not Leased - Are we dead?

My family owns mineral rights to 197.06 acres in Windham Township Bradford County and for a year have been trying to negotiate with Talisman.  Surrounding land is leased and bonus money has been paid.  All discussions we had with Talisman pointed to being signed after January 1,2012.  They went so far as to send us lease proposals last fall.  Now where do we stand?  Anyone have any suggestions as to how to get even a minimal bonus payment and get our land leased?  Help and guidance will be…See More
Apr 19
2 Comments
Ann Ticopa commented on milton nelson weir's blog post 'Talisman Activity in Bradford County ?'
"I'm in NE Tioga County and recently checked Landex.com to see if there was recent Talisman activity ... not much.  Then checked Bradford County and found approximately 280 assignments from Talisman to Chesapeake and Statoil, mostly in…"
Feb 3
milton nelson weir posted blog posts
Jan 24
Wayne Miller and milton nelson weir are now friends
Jan 16
jack brunner replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"I guess I'll have to re-read my lease. I thought it was 15%.  Do you know what happened to the Friendsville group? Did it disban? I did ask my accountant to fiqure out both ways for tax purposes and she said it would not be that…"
Oct 19, 2011
grayhairedgrandpa replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"A few comments... (1) The Friendsville lease is $5500/acre and 20%  (not 15%) royalty. (2) Unless you were in the highest of tax brackets, you would have been better off splitting your bonus payments across 2 years for tax purposes. The more…"
Oct 19, 2011
Finnbear replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"That pretty much confirms my thoughts. They may possibly have a group of wells coming into production then too. Either through assigning an interest(joint venture) or from new production, it appears they are waiting on a new revenue stream."
Oct 14, 2011
Finnbear replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"I don't believe there is any danger of Talisman going belly up.Maybe there was with Fortuna and that is why they sold out - I don't know. I think Talisman has used most of their working capital obtaining leases and trying to drill enough…"
Oct 14, 2011
milton nelson weir replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"Jack, We received a lower bonus money payment and a larger royalty payment from Talisman.  No payment possible until 2012 because of budgetary constraints.  Thanks for your post.  Good luck."
Oct 14, 2011
jack brunner replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"I am or was, in the Friendsville group from Susquehanna county. Our group signed with Fortuna which I guess is now Talisman. (Although I never got notice of this). We signed for $5500.oo per acre and 15%. They gave us an option to take half…"
Oct 14, 2011
Finnbear replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"Eleanor, If you currently own the rights, then you dictate what happens to them. You can reserve them away and keep them before entering into the reverse mortgage. Then when the mortgage company takes possession of the surface ownership, you still…"
Oct 6, 2011
milton nelson weir replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"Eleanor, we don't own the property.  The rights were reserved for my great grandfather's heirs when he sold the property in the '30's.  His deed specifically set aside the rights for our ultimate…"
Oct 6, 2011
Eleanor D replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"Great discussion all around, Milton.  My question is, will heirs take ownership of the mineral rights, even if the property is sold outside the family?  I am working on a reverse mortgage, and wonder what happens to any mineral rights,…"
Oct 6, 2011
Finnbear replied to milton nelson weir's discussion 'Talisman Negotiations - 194 acres in Bradford County / Windham Twnsp.' in the group Bradford County, PA
"Talisman was looking at a group in OH but recently bowed out saying they could not compete at this level. It is very possible they are cash strapped after leasing a lot of ground. I would not be surprised to see them assign a partial interest of…"
Oct 5, 2011

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What is your role in the Marcellus?
Other
Why are you here?
Leasing Your Land
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus
Tell us your story...
I have rights under 194 acres in bradford county, pa and have been actively trying to lease to talisman energy who are very slow to react

Milton nelson weir's Blog

Talisman Activity in Bradford County ?

We own mineral rights in Windham Township under 194.06 acres and have been talking to Talisman for over 6 months about leasing our rights and now we are in a holding pattern.  They have leased abutting land and most of the land surrounding ours yet are stalling on finalizing our lease.  We have a Bonus Money amount and Royalty amount agreed upon.  Budget concerns seem to be the Talisman position.  Now I read that Chesapeake is taking over Talisman leases in Litchfield Township which are in…

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Posted on January 16, 2012 at 10:45am — 1 Comment

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At 6:23pm on September 26, 2011, Richard Gerard, Attorney said…

I am interested in your report. I am an attorney with experience in leases.

 

I have not heard of anything like this except over by Dimock PA-although you are not that far away. 

 

Do you know of others getting such an offer?

 

Do you have a map of the units that surround you? This is very important

 

Did you ask the landman where the proposed Unit will be.

 

Do you know the names of the wells near you and when they were drilled as the production numbers are public,

 

You can also get more recent numbers from those in the units than those on the web.

 

How much land do you have?

 

Are you the only parcel that is not leased?

 

 

I would be interested in seeing the lease they have offered you.

 

You maybe in the Friendsville Group area, which could explain the pricing, but many cos pay less when they surround parcels

 

Do you have this offer in writing.

 

I would be interested in seeing that

 

How does your land run, west east or north south or square.

 

Thank you

 

Richard Gerard

At 10:52pm on September 22, 2011, James Young said…
well first and foremost, not to long ago, you would have been thrilled to sell  anyone the whole place for $4500 an acre.......   a LEASE for more than what the land used to be worth, is pretty good.  I'm in two units in Tioga County now and have a well pad on my property.   I signed for $5.00 an acre many years ago before anyone was drilling for anything....... and even our Lawyers were saying... "Don't worry about it, they'll never drill here, there's no gas, whatever you get is fine"
 
 
 

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