State your

1. State
2. County
2. Lease Bonus Offer
3. Royalty %
4. Terms (length of the lease)

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To be accurate you need to compare apples to apples. The Barnett no longer pulls those numbers. On top of that Texas does not allow force pooling and never will. PA more than likely will allow force pooling so why would an oil and gas company bid the big money if they know in the next 12 months they can acquire the acreage through forced pooling? The attitude that we need to get what someone else is getting does not help the overall play in my opinion. Folks need to be smart and that means not over playing their hand.
We have Barnett wells and the production is now low as these wells have been active for many years.
I wonder if they will go for the Marcellus using the same wells?
It would seem most of the work is done. Plus we have 6 wells not producing any more.
I've read where they often open up those dead' wells for Marcellus as the process is horizontal.
It is called supply and demand. There is no demand with the large reserves forming. As time goes by the ever changing envirnment has a very good chance to be in favor of the lessor. Competitive oversees companies keep coming. Note: No forced pooling yet!!!
Forced pooling may not be that great for the producers- at least for a decent piece of acreage. Most forced pooling statutes allow the landowner to participate in an operating interest instead of a mere royalty. Most operators do not want to have a silent partner that they have to drag along and advance capital on that person's behalf. We will have to see what the statute says when it comes.

Pennsylvania's current conservation statute [basically applicable to the Onandaga and below]says that if the land owner does not come up with his share of the operating costs that the operator can earn double the costs back [someone thought that was fair when our statute was written] before profits are shared. Current proposals talk about the operating getting back 4 times [a little greedy] the amount before sharing profits.

Operators really want to own all the operating interest and only pay royalties. There not likely to want to put up with more than a few acres worth of unsophisticated participants dragging along. They are betting millions.
I have done extensive research on the Barnett...mind boggling the bonus money and royalty percentages that were paid down there...I agree with you,it is interesting...actually very interesting and thought provoking as well.The other layers of shale here in Pa. could be as valuable or more valuable than the Marcellus. This information is very interesting as well... one might wonder how valuable...probably very valuable...maybe Pa. landowners have some real value in their acreage...a real possilibilty...THE VALUE IS THERE PEOPLE...ENOUGH OF THIS...IT IS OBVIOUS WHAT HAS BEEN HAPPENING HERE IN PA! Landowners must underwrite their own property...KNOWLEDGE is POWER...POWER is better than POWERLESS!
1.pa
2. Sullivan / cherry twshp
3.$5750
4.18% without deductions
5. 5ys/ 5 yr extension option
Hi Andrea,
I was wondering the company you went with?
Monty - Northern Tier. It's fresh.
Thanks!
hey guys I was wondering if you could add to this list the number of acres you are leasing...becasue they may pay more for 300 acres then they would for 50 acres...what cha think?
A friend of mine who had signed for 2500 an acre got a letter from Rexx Energy voiding the lease! She is not sure why. She called the agent that presented the lease and he knew nothing of it being voided. He said he would look into it. ?nyone else have this happen and what should she do? The lease was notarized.
Just a few of possibilities out of many, many ones. First, title may have been bad, in which case the company likely would reject it (unless it was an easy fix or they really needed it for a unit). If that's the case, then I would have the OGMs searched to see if there's actually a problem, and if so, what is the problem Maybe it's something you can fix. Or maybe some else owns (or claims to own) the OGMs. Second, if the company never signed the lease (which often happens because usually the landowner signs the lease first and then it goes to the company for signature - and often the landowner never finds out if was signed), then - barring some unusually great facts - you have a very, very weak argument to bind them to the lease. They can just walk away. My suggestion would be to tell the landman to get the company to sign and notarize the lease first and then (if you've decided that the lease is good for you) bring it to you for signature so you can get a FULLY executed copy. Third, depending on the way the lease/option is written the company may have some sort of hidden discretionary out clause where the company can basically dump the lease for any reason. My advice: Tell her to go to her attorney, tell the attorney the facts and let her/him read the documents over. Depending on the lease terms, the company might have done her a favor by bagging it.




DISCLAIMER (i.e., CYA – I suppose CMA): Attorney-Client Privilege/Confidentiality is not established and does not apply to either questions or responses. Hence, do not disclose any confidential information (which would be really stupid anyway since thousands of people are reading this stuff). Responses are not to be taken as legal advice. Only one piece of legal advice is being given: HIRE YOUR OWN ATTORNEY TO HANDLE YOUR OWN SET OF FACTS AND DISTINCTIVE LEASE TERMS AND ISSUES! A brief recital of facts and issues in a discussion forum can NEVER convey all of the facts in each idiosyncratic case. Likewise, a brief response to those incomplete set of facts and issues in a discussion forum can NEVER convey a functional analysis of your unique situation, and, as such, cannot be relied upon by you as legal advice for your unique situation. Believe me, fact situations are about as similar as fingerprints. Moreover, all of my responses are talking about Pennsylvania law because that is where I am licensed. That means if you are from outside of Pennsylvania you can go ahead and throw everything I said right out the window (darn, I was trying to make it through this without resorting to a cliché . . . or a French word). Thus, while my responses might be free, they are not legal advice. Do not be so stupid as to try to save $1,000.00 whenever you have the opportunity to make $100,000.00. So take it from Warren Buffett – “Price is what you pay. Value is what you get.” If you do not pay the price you will really pay the price. I hope I avoided ticking you off, but hey, wasn’t that a great disclaimer!

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