As of Wednesday the new number for the signing Bonus in Harrison Cty is now @ $5,000/arce with 20% royalty. Was offered that by two of Kenyon's landmen.

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Finnbear's post is correct but there is the potential for forced pooling. One must make their own decisions regarding when to lease. I will only share my personal strategy which is: for acreage that is less than 100 acres go with a landowner's group: for 200 acres and above negotiate on your own.

I will share a communication I have from ODNR re: Forced Pooling that should ease some concerns.

See the attachment

Attachments:

my understanding on forced pooling is that they will have to show that they have made a reasonable attempt to lease your property for a fair value.  i don't think that they will be able to come back and claim forced pooling without making an offer that would reasonably match other royalty percentages already offered to your neighbors.  I would also say that forced pooling is probably rarely used.  It is easier to go around you than force pool.

on shale biz its 5250 and 20% as of 10/15.

 

depends who you talk to..I have heard $5350 from Gulfport, $5800 from Chesepeake.

 

if we think about it,the bonus consideration might as well be $6000 as the title folks and attorneys take their cut,the leasee is already paying in excess of 6k...more for the landowner.

 

A  lease signing on December 14 was reported at $5800, 20% gross royalty.

KWGD is a law firm out of Canton OH who has successfully negotiated leases for some landgroups in SE OH in the past year.
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Earlier in the year Kenyon was leasing for Chesapeake. I am not sure if they are a contractor, or just one of Chesapeake's shell companies. If you contacted Chesapeake, they most likely handed you off to the Kenyon landman.

Randy

Was that a Chesapeake lease via ALOV/Buckeye Mineral Development/Bob Rea?

The lease was through KWGD with Cheasapeake. 

A phenomenon is occurring which surprises me.  Some of the five-year-old leases due for renewal are not being renewed! I know a  landowner in western Harrison County who took advantage of this by leasing his 275 acres last week for a signing bonus of $5600 per acre with an 18 1/2% royalty. This is a little lower than the peak earlier this year but still not bad. Congratulations to all of those  able to get out of the old leases.

Do you know who the original and new lease are with?

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