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Permalink Reply by Clinton44 on February 23, 2012 at 2:48am

For what time frame are they offering the $2,500.00 is it per month, or per year?

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Permalink Reply by thelma cathleen hays on February 23, 2012 at 8:39am

forever or until they dont need anymore. told them there no way i will give up 1 acre of ground that i will never use agine plus pay property taxes on. its kinda a slap in the face if you ask me. we sign for pipeline at 11.000.00 disturbed acre.

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Permalink Reply by Clinton44 on February 23, 2012 at 9:25am

I would have told them the same thing!! Hold out for more if they really want to use your site they will be back with another offer. We have a lease with Anadarko in Lycoming/Clinton County PA and are pooled into a drilling unit. We split off a seperate LLC from our hunting club and bought the lease, which was a good move as there are now royalties being paid. In any case they approached the hunting club for a surface lease for a five acre plot for a water treatment facility for $12,000.00 per year. We told them no and without batting an eye they offered to move the five acre lease to another less conspiqious portion of our parcel and raised the offer to $23,000.00 per year. The club still said no because we did not want a continious opperation on the property because some members use it as a vacation spot. Not familar with the pipe line what does 11.000.00 per distributed acre mean???

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Permalink Reply by thelma cathleen hays on February 23, 2012 at 10:07am

the break down is $25 dollars a foot for 100foot r.o.w. which work out to $11.000.00 a acre. if dont mind me asking how are the royalties up your way.

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Permalink Reply by Clinton44 on February 23, 2012 at 10:26am

Ok I understand the pipe line calculation. Thanks! The hunting club got around $140,000.00 to sign on about two years ago for the 96 acres royalties are 15%, Lease terms did not change when LLC bought the lease we just did that to keep the royalties for the members instead of them being locked up in the non profit. There are five producing horizontal wel bores on the drilling unit we are pooled in. So we will see a good return on the purchase of the lease!

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