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signing a contract for this CHESAPEAKE EXPLORATION, llc COMPANY

Started this discussion. Last reply by LAE Apr 22, 2012. 25 Replies

i AM A LAND OWNER IN SMITH TOWNSHIP, MAHONING COUNTY OHIO. i WAS APPROACHED TO SIGN A CONTRACT FOR A OIL AND GAS LEASE. THE ORIGINAL LEASE WAS DONE IN 1964 WITH PREVIOUS OWNERS. THE OLD CONTRACT…Continue

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was just approached to sign a new lease with chesapeake exploration for my 3 acres.I need more info.our original lease was done in 1964 with the previous owners for 1/8 of royalties. they are offering the same 1/8 royalties with all the other acres (unit) does this seem right to you?( 160 acres are in this unit.
What is your role?
Landowner
Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus

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