Not sure what is going on, but I own 20 acres located in the center of the "Baker Pool", 740 acres pooled located about 3 miles south of Portersville. My property borders Rt. 19 and again, I am near the center of the pool. I came to an agreement with Rex about 2 weeks ago, then I stopped hearing from them (the land agent). They pulled the deal this past weekend off the table and told me that they are now only paying signing bonuses over a 5 year period. UGH. If you have any thoughts or advice, please let me know? My direct email is norm@wimerfuneralhome.com
My attorney is also receiving complaints in other areas that Rex is doing this. He also said that the new terms of their addendum will say that I cannot receive both a royalty and the signing bonus at the same time, so in other words if they drill and produce in the five year window, I will lose the bonus. My deal really seems to have just gone sour.
Tags:
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com