anyone get a lease offer in st clairsville area of belmont county?

 Just wondering what the going offer is on leases. When EQT took over rice energy ( or whatever happened there) we were basically told they would never negotiate to what we wanted so we washed our hands of the whole thing because they just weren't very friendly about anything.

Fast forward to now, about 5 months later, we get an offer from rice drilling d llc, from the same guy that was negotiating with us before, for what we were previously asking. They came up to that price on the first offer so it just seems odd to me they were willing to negotiate so quickly now but they weren't willing before...makes me think we should be asking for more..

Any info is appreciated!

Thank you!

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Permalink Reply by deutchen on September 9, 2018 at 5:33am

I received a phone call on Friday from a man at EQT that bought out Rice. He said they were moving west in Belmont county from where they had been concentrating their efforts. We live near Morristown. I too was wondering what the going rate for a lease per acre is. I don't have any idea. He didn't offer anything yet but is supposed to call 1st part of next week. Would you like to share what you were recently offered Samantha?

Permalink Reply by jason irvine on September 10, 2018 at 1:54pm
When your sitting in a hot county you have alot more power then you know. It's business. Not personal. Just remember your in the core...the low hanging fruit. I'm surprised they let it go on that long and take a chance that someone else would lease it.
Permalink Reply by Brandi Snezik on September 12, 2018 at 10:41am

I just got a call as well from someone at EQT. Told me the same thing. He said he is authorized to offer 5k an acre with 20% royalties but I have 0 clue how fair that is currently.

Permalink Reply by deutchen on September 12, 2018 at 1:29pm

Brandi,

   Actually my call came from someone at Crimson Resources on behalf of EQT. Did yours come directly from EQT?

Permalink Reply by Brandi Snezik on September 12, 2018 at 1:38pm
Yes. He said he was with EQT.
Permalink Reply by samantha paglialunga on September 13, 2018 at 1:43am

That is what ours said as well. Except the lease they emailed over still says rice energy drilling.

Permalink Reply by deutchen on September 19, 2018 at 9:40am

I just received an offer to lease for $5000/ acre bonus & 20% royalty. The royalty payment is after deductions are taken out though so that will have to change even if it means dropping the royalty % a bit to have the royalty calculated without deductions.

Permalink Reply by Brandi Snezik on September 13, 2018 at 5:46am
Samantha,
I sent you a friend request. Would love to chat.
Permalink Reply by Brandi Snezik on September 13, 2018 at 5:46am
Samantha,
I sent you a friend request. Would love to chat.
Permalink Reply by mike Johnson on September 20, 2018 at 9:36am

What was your offer for? What area? And crimson is normally pretty straight forward with their negotiations. 

Permalink Reply by mike Johnson on September 20, 2018 at 9:38am

Also Rice Drilling is a subsidiary of EQT.

Permalink Reply by deutchen on September 21, 2018 at 5:50am

union township, Belmont county

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