Recent Offers in the Marcellus Shale

State your

1. State
2. County
2. Lease Bonus Offer
3. Royalty %
4. Terms (length of the lease)

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Permalink Reply by Yun Zhou on September 15, 2009 at 6:50am
Craig,

Very nice! Thank you for your time explaining your points.

They are very important to know, especially the transport of third-party gas. So easy to miss if not knowing that gas pipes, not gas trucks, are involved.
Permalink Reply by Yun Zhou on August 21, 2009 at 3:34am
1. PA
2. Allegheny
2. $300/ac
3. 12.5 %
4. 5 years

Offered by Dale Property Services Penn on 8-20-2009. This is the first offer we received for our 8 acre land in Monroeville, PA.
Permalink Reply by Yun Zhou on August 21, 2009 at 8:35am
Ruby,

Thanks for the much-needed information.

To my knowledge, there are not many big private lots available in our area, where shallow gas extraction has been an on-going business since who-knows-when. We don't have any neighbors, huge tracts surrounding us are municipality properties that are gas-drilled (shallow < 5000 ft) and managed by local small gas companies. I started talking to one of those companies, they showed interest.

I will update when I have new information.
Permalink Reply by John E Saymansky on August 28, 2009 at 2:45am
Any one getting similar or better offers?


1. State: PA
2. County: Washington
2. Lease Bonus Offer: $800/ acre
3. Royalty: 15%
4. Terms (length of the lease) 5 Yrs
Rental payment of $10/net mineral acre per year if no production takes place in the initial term of lease
if lease is extened for an additional 5 years and production does not commence the rental is $160/ acre per year.
Permalink Reply by John E Saymansky on August 28, 2009 at 5:16am
West Finley Township
CSX
Permalink Reply by Brian Day on August 29, 2009 at 8:55am
I talked to my dad in Tioga County a couple of days ago. He told me that a man who's land could be contained in a pool for a well recently drilled near the Wellsboro Airport accepted an offer of $2,500 an acre within the last month. I know this chain of information should be classified as gossip, but he is absolutely certain of this information. Take whatever value from this information that you wish.
Permalink Reply by Daniel George on September 14, 2009 at 3:20pm
Are you saying that they drilled a well before they leased the land it would pool from? I have land not far from there with no lease.
I thought they would lease before drilling.
Permalink Reply by jack brunner on September 14, 2009 at 5:54pm
I just started researching this in the last few days. I have recieved offers from different companies for the past few years, but never thought too much about it. The amount offered and the hard to understand contract wasn't worth the effort to me. But, now I read where there are county wide groups negotiating contracts etc.

But to answer your question.

I have a small parcel (21) acres in susquahana county. I recently recieved an offer of $2500.00 per acre bonus with 20% or $3000.00 per acre bonus with 15%. A 5 year lease with option for another 5. The Rental payment...$5 net mineral acre per year but, nothing about an increase if the lease is extended. But I'm not sure of that. The legaleze used in the contract would baffle OJs legal team.
Permalink Reply by Jean Michel LeTennier on July 26, 2010 at 3:15pm
careful, call a lawyer
Permalink Reply by Lyn on September 8, 2009 at 1:18pm
New York - Cortland Co. Lease offer of $100 and acre - not sure of the % of royalty...5 year lease...I am so confused. I have friends less than 8 miles down the road that were paid $1500 per acre about a year ago>>>is that possible? Is anyone else out there in my neck of the woods?
Permalink Reply by Carol A on September 12, 2009 at 10:25am
well... I just heard that it was $5,500 per acre with 20% royalty.. not Hess.. but Fortuna!!
Permalink Reply by Mowing the pipeline on September 13, 2009 at 3:08pm
Yup... this just in:
"CHOCONUT, Pa. -- A Horseheads-based company is willing to pay a collective $165 million for the rights to drill for natural gas in about 30,000 acres of the Marcellus Shale.

Fortuna Energy Inc. has closed a deal with The Friendsville Group, a coalition of about 600 property owners, to lease all of the group's acreage in Susquehanna and Bradford counties in Pennsylvania, as well as its land in Broome County, officials with the coalition said Saturday.

Under the agreement, Fortuna Energy will pay all of the property owners in the coalition $5,500 an acre for a five-year lease on their property, with a company option to extend the lease for another three years. The company will also pay 20 percent royalties for producing wells.

The company is an indirect wholly owned subsidiary of Calgary, Alberta-based Talisman Energy Inc., one of North America's largest independent producers of natural gas, the company's brochure says. Fortuna currently maintains more than 22,000 oil and gas leases and pays monthly royalties on producing wells to more than 2,200 landowners in the Twin Tiers, according to a company brochure."
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