Recent Offers in the Marcellus Shale

State your

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

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Replies to This Discussion

Permalink Reply by Mike C. on November 16, 2010 at 10:23pm
Thanks. What township are you working with Exco in Clearfield?
Permalink Reply by Bryan D. Huwar on November 17, 2010 at 11:03am
Until it gets done I don't really want to get that specific. Whenever it's done I will let you know. Darcy has more specific info above.
Permalink Reply by Bryan D. Huwar on November 17, 2010 at 11:42am
I'll see if Ben still has the contact info.
Permalink Reply by Mike Knapp on November 17, 2010 at 1:38pm
I assume that Stone 10 year $3,500 deal is the Fryburg Group? or are they offering that to everyone now?
Permalink Reply by Bryan D. Huwar on November 17, 2010 at 1:46pm
You're correct. No big secret there. We'll wait and see if they get paid in December.
Permalink Reply by Mike Knapp on November 17, 2010 at 2:10pm
Do you know when in December the deadline is?
Permalink Reply by Bryan D. Huwar on November 17, 2010 at 6:08pm
The first group's 90 days should be running out at the end of the first week in September. It won't take long to find out whether people actually got paid. If they don't get paid it will absolutely spread like wildfire during a mid-August drought.
Permalink Reply by Mike Knapp on November 17, 2010 at 6:29pm
Haha no doubt. We've talked to a LOT of the folks in that deal.
Permalink Reply by the two of us on November 27, 2010 at 2:20am
Are you saying that people sign a contract with the O & G Co. They have to wait 90 days for bonus payment and then some dont get paid and contract is void.
Permalink Reply by Sam Douglass on November 27, 2010 at 3:28am
Absolutely. Folks in Washington and Greene County have experience with this. The companies start out saying that it is because they need to check titles. But now at least one company makes the Lessor sign a letter that the lessor must sign saying that the Lessor understands that the lease could be rejected for any number or reasons - sort of like if the guy in charge of leases wakes up with a back ache some morning s/he has the right to pick out 25 leases or all leases and reject them out of hand. Meanwhile the lessor's signature is on the line. Can the Lessor terminate and lease to someone else? I suspect the Lessee will say the Lessor is bound by his or her execution of the lease. Hmm!
Permalink Reply by jwinohio on November 17, 2010 at 12:11pm
1. State - OH
2. County - Belmont
2. Lease Bonus Offer - $100
3. Royalty % - 12.5%
4. Terms (length of the lease) - 5 years
5. Company - Mason Dixon (Marquette)
I think its worh alot more than that. Lease agreement was shure wrote in the oil co. interest.
Permalink Reply by Sam Douglass on November 27, 2010 at 3:37am
1/8th [12.5%] and $100? acre for the shallow sands is "traditional." But for the Marcellus? And all the other productive strata? You've got to be kidding! There are really people taking that deal ?????? That is sad.

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