Some advice needed...

Marcellus Shale Experts,

 

I am looking for some advice on some property that my family has in Butler County. We have 19 acres and we have been contacted by Royal Dutch Shell. We are trying to decide if we want to accept some of the current offers for leasing and royalty rights OR if we should wait a couple years and see if the prices increase. As a family we do not necessarily need the money now and we are interested in seeing how much the prices might increase over the next 5 years, BUT we are concerned about the following and are looking for advice on these particular issues.

 

1. If the neighbors around us lease their rights to Royal Dutch Shell in the near future, does that limit us on competitors? If Royal Dutch Shell starts to put in infrastructure on neighboring properties, will other competitors still solicit us for leasing rights?

 

2. No one in our family is currently living in Pennsylvania, so our "on ground" knowledge is minimal. Is there a leader of a property owner group in Butler Country that we could talk to?

 

Thanks for any help!

 

I've also attached photos of the letters we have received if that helps at all.

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Replies to This Discussion

Permalink Reply by Gasman on November 2, 2011 at 10:48pm
Wow! Now that is what I call a well orchestrated "infomercial" for an attorney.
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 7, 2011 at 7:51pm

I would say you have uncanny instincts there Gasman !

Permalink Reply by Johhny Jacobs on November 8, 2011 at 4:00pm

oh I think I got ill, this keyboard is going to be a b!*$h to clean. If you really believe that ShaleAdvice is your best bet....never mind, I've got purging to do. 

 

0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on November 8, 2011 at 4:23pm

Johnny,

I have read some of shale advice post. He definately is not a professional and I have my doubts if he really is a leasing agent as he claims.

2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 8, 2011 at 5:35pm
To tell you the truth Homer , I am so GLAD I am already leased. These sharks are crawling out of the woodwork lately. Makes me all warm & fuzzy knowing so many are so willing to save us from THE EVIL O&G COMPANIES.......................for a small fee.
0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on November 8, 2011 at 5:45pm
There you go. The speculators are at it now. Some folks are going to get screwed plain and simple. Sometimes the harder you try not to get skinned the more likely you are to get it. Then there are the attorneys. Are they ever having a field day. GEZZZZZZZZZ.
2s72s0k9mm8gdPermalink Reply by 2s72s0k9mm8gd on November 8, 2011 at 5:54pm

So sad but true. Our pelts are prime and they got their skinning knives sharp. Watch where you step.....It's Trapping Season!

Permalink Reply by Outback on November 8, 2011 at 8:27pm

They only lie when their lips move.

Permalink Reply by Glenn Hunkele on November 7, 2011 at 7:30pm

Homer,

Keep doing your homework. you can check out neighboring leases and look at the Gis maps on line .

Here is the web site to do such Butler county Gis Maps

also you can check out deeds of the companies such as Swepi (Shell) phillips, Blx, Williams, Atlas, xto, by

butler county deeds pa then go to access deeds and simple search Insert the names above and scan there leases.

0jw0dsu4txfuvPermalink Reply by 0jw0dsu4txfuv on November 8, 2011 at 5:43pm
I do my homework dude. Glad I'm not into the leasing side. The all lie. Comes with the terriority.
Permalink Reply by PRESTON D Joswiak on November 11, 2011 at 11:14am

Advice is something everyone has for free, it does not say that it is right for you or your interest in the property. From someone who has already leased about 6 months ago, I would advise to get in the game now.  The oil and gas which is under this area has been there for millions of years and is not going anywhere. 

   You can wait to get more money, its at $3250 and 18% now but plans for well locations are being made now. It is going to be at least a 3 to 5 year timeline for real money to be made after all the pipelines and plants are conpleted.  To wait runs the risk of having a dry well around you or not being in a "good area"  when all the plans are completed.  It is an unkown factor that we all deal with, oil companies and land owners that makes this fun!

   Right now they are looking at a 30 to 50 year project for our area. Your land can be drilled now or in 20 years. I can not say I will be around to enjoy any royalites if it takes over 20 years to see anything.  I would get in the game with what ever you feel is right.  It might get better, but I just read on one post today of Chevron reducing there offer to $2500 per acre. I don't know if it true but would not surprise me.

Permalink Reply by Edward M. Gall on November 17, 2011 at 10:36am

Does anyone know who to contact in Center Township?  Are there any landowners groups?

 

Thanks

 

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