Antero 5700 at 20% signing soon

What do you all think about this deal with Antero.  There is a signing next week involving several townships.  somerset, warren, wayne, union, flushing, kirkwood, and goshen.  Does the utica landowners group get money per acre from the 5700?  Im wondering if they are using this big signing to only cherry pick the ones they really want.  I would like to find a company that is gaurenteed to pay instead of forcing us to wait several months and then have to be released because of nonpayment. 

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Replies to This Discussion

Permalink Reply by Billy on October 6, 2012 at 4:20am

Antero did not pay on all  leases in Monroe County , they held me for 7 months and then did not pay. They are not a  good company.

Permalink Reply by Finnbear on October 6, 2012 at 5:16am

What townships in Monroe are they interested in?

Permalink Reply by Finnbear on October 6, 2012 at 4:07pm

Anything right on/along the Summit-Wayne border?

Permalink Reply by Anastasia on October 7, 2012 at 6:59am

Not everybody thinks they are so great.  I've heard them referred to as Little Chesapeake.  As with any other company, read the fine print before you sign.

Permalink Reply by A. Hunter on October 8, 2012 at 3:29am

the way I look at it not much else going on in belmont county, $5,700 & 20% is a fair offer and if the lease is good I'd sign and worry about cherry picking if it happens its a lot less time than you commit to some of these attorney groups tie you up for 12 months and then another 6 more months you cant deal with anyone they negotiated with, I personally know a landowner in Monroe county that wanhted sign the switzerland TWP/Consol lease but is tied up with SEOLA and if signs owes them 4 1/2%,  last I heard he hasn't signed and after the group signing is completed will be surrounded by Consol & will have to negotiate on his own after his 12 months are up and the offer may be much less & with a much different lease for sure.

Permalink Reply by bville on January 16, 2013 at 7:04am

     It's almost been 120 days since this signing. Has anyone received a check from Antero yet?

Permalink Reply by Rick on January 30, 2013 at 12:28pm

No checks yet?  Called and they stated  they were mapping areas that they are only interested and would send out letters within 2 weeks if they want or don't want your property.  This was over 2 weeks ago!! 

Permalink Reply by Finnbear on January 30, 2013 at 5:02pm

So their "lease" was really just a cherry-pick offer?

Permalink Reply by Rick on January 31, 2013 at 2:49am

Looks like it

Permalink Reply by Finnbear on January 31, 2013 at 3:03am

Ouch! To wait 6 months and end up back at square 1 would suck.

Permalink Reply by bville on February 1, 2013 at 12:37pm

     My wife knows someone in Union twp. that was paid by Antero yesterday. 

Permalink Reply by Rick on February 1, 2013 at 1:08pm

Do you know where in Union TWp?

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