Anyone recently sign a lease in Greene County?

Our lease is up in September and was wondering what the going rate may be?  I've been hearing that most people are being lowballed?

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Permalink Reply by Mother on September 7, 2018 at 2:41am

No ours expires in about a week and haven't heard from EQT.  Spoke with Lola and their offer was not even close to what I would settle for.

Permalink Reply by Beaver Plugger on September 7, 2018 at 5:40am

If you would please keep me updated as I still have 10 months on mine,but I was already informed from E.Q.T. that they were going to let it go.

Permalink Reply by Dott on July 6, 2018 at 12:30pm

Mother doesn't your lease state that if they take that 3 year extension that they have to pay the same bonus as they paid in the beginning?  Ours does.

Permalink Reply by Mother on July 9, 2018 at 2:20am

Yes Dott that's what it says.  I doubt they will go for that.  Would you happen to know if they have taken the 3 year extension on other?  I think they will either cut us loose or want to re-negotiate for less. 

Permalink Reply by Dott on July 9, 2018 at 4:09am

Mother, I do not know about any extensions either way.  I am not a lawyer but I don't know if they can legally re negotiate for less since you have a contract. I know this waiting to find out what will happen is difficult. I am in the same boat but in a different area and with a different company. Just have faith it will turn out as it is supposed to.

Permalink Reply by Mother on July 9, 2018 at 4:20am

The lease pretty much says they either sign for exactly the same terms as the last 5 years or cut us loose.  I look for them to cut us loose.  I agree...what will be will be...

Permalink Reply by jason irvine on July 20, 2018 at 7:25pm
We just finished a lease were the company took the 3 year option. They owe you what you originally recieved per acre. We are in wetezl and tyler and signed a new lease for 5k a acre and 18%. Good luck
Permalink Reply by Mother on July 27, 2018 at 1:49am
Thanks for the info.
Permalink Reply by Marki Robert ONeill on September 8, 2018 at 1:20pm
Jackson Twp offered $5500/acre signing bonus, but to lease Marcellus + Utica is worth much more.
Permalink Reply by Beaver Plugger on September 9, 2018 at 4:19am

I live in Jackson Twp.& have done so for many years can't say I have heard tell of you. Where is your property located at? I have a current lease with E.Q.T. thanks to them buying out Rice. It is set to expire soon & was informed by E.Q.T. that they intend to let it expire.

Permalink Reply by Marki Robert ONeill on August 27, 2018 at 4:38pm
EQT wants everything they can get free. They want to lease both Marcellus and Utica for same price. They want to deduct post production costs or costs to move and refine the product beyond the wellhead for which they get a much higher price.
Then they pay us only a wellhead price. So even though we pay for that enhanced production, they wont share the higher profit. Landowners are entitled to be treated with a little dignity and fairness. Its hard to get a fair deal without an oil and gas attorney.
Permalink Reply by Marki Robert ONeill on August 27, 2018 at 5:07pm
The $2500 paid for an attorney could save you a $half million. Some leases allow 3 years to drill a producing well. If that well is not drilled, they pay $1000 per acre rent for the 4th year and again the 5th year. That is an inducement not to lock up your land and pay nothing

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