Trying to find out how much mineral leases go for in Washington County in Washington Penna

 I'm presently trying to find out how much mineral leases go for in Washington County Washington Penna

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Permalink Reply by rmc on January 23, 2014 at 1:32pm
I had heard Rice Energy was leasing in Washington County for like 6700 hundred and I believe 20 percent royalitiy but only only certain areas and I don't know where.
You could probably search Rice energy on here and find mention of it.
Permalink Reply by Marianne davis on January 24, 2014 at 5:03am

My lease is in Buffalo Township in Washington Pa I'm not sure of the companies up there that are handling leases either. Do you know the companies that are leasing in that area? thanks

Permalink Reply by Jam on January 24, 2014 at 11:24am

Range Resources, Rice Energy, CNX, EQT.

7200 per acre with 18.5 royalty

Permalink Reply by Tim Tarr on January 25, 2014 at 8:29am

 Marianne,

I'm in Buffalo Twp. Not too far from Welling (MarkWest) and Buffalo (National Fuel Gas) compressor stations.

RRC (Range) is active in Buffalo Twp.

2 pads currently producing, 1 about to start production, 2 about to be drilled and 2 more permitted. So by early 2015 probably will have at least 7 pads in production. Not sure but I think there is problem with MWE (MarkWest) getting pipelines installed/permitted fast enough !

 http://phx.corporate-ir.net/phoenix.zhtml?c=101196&p=irol-prese...

Download the latest (Jan 14 2014) presentation and print page 14 to use as a tool for negotiations. GIP (gas in place) of 400Bcf/sq mile.

Be careful about HBP on any lease. You don't want to be in a unit with a well that only produces enough to hold your lease "forever".

Permalink Reply by Marianne davis on January 29, 2014 at 8:55am

Tim, thanks for the information

Permalink Reply by Marianne davis on June 7, 2014 at 1:30pm

thanks

Permalink Reply by Marianne davis on June 7, 2014 at 1:37pm

 What does HBP mean? I'm new to all this so its very confusing to me!! I have companies calling me all the time to buy my mineral rights!  I suspected something was up but had no way of knowing anything till I talked to you. Haven't been home in 32 years. But I'm originally from Washington!!

Permalink Reply by Ragnars Repo on June 7, 2014 at 2:26pm
Marianne,
What are the offers to buy your rights?
Permalink Reply by Tim Tarr on June 7, 2014 at 2:03pm
HBP is held by production
Permalink Reply by Marianne davis on June 7, 2014 at 2:43pm

 thanks

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