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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Permalink Reply by David Mason on September 1, 2011 at 10:37am
Master Minerals has been buying - outright - O & G interests, not leasing...please be careful.  Sale may be a good result for you, just be fully aware if their offer is for a sale or a lease.
Permalink Reply by Tinamarie S on May 10, 2011 at 6:12am

 

Ohio

Columbiana

Lease Bonus Offer 2000

Unknown about royality just yet.  Waiting Lease.

5 Year term.

 

This is a non-drilling lot but I know several other owners who are getting higher bonus and more royalty for non-drilling lots.   We are talking 5 acres and under.

Permalink Reply by tacoma7583 on May 11, 2011 at 2:13am
What township in columbiana county?
Permalink Reply by Tinamarie S on May 11, 2011 at 2:19am

Crestview Twp.

 

Permalink Reply by William Miller on May 10, 2011 at 7:14am
Hey, Keith, we recently were contacted by a corp from Denver, CO...offering to buy us out of our Chief lease for several hundred less per acre than r five yr lease with Chief (our lease has 5 yr renewal clause @ Chief when it expires next summer). We turned them down, but wondered if anyone else has heard from this company, AGEIS? Our property is 7+ acres in Overton twp, Bradford Cty and we have forecast thru research - no prospective well/pipeline activity.... anybody have comments????
0l1a6laz7smpfPermalink Reply by 0l1a6laz7smpf on May 10, 2011 at 6:03pm

Hey Tina and anyone else reviewing leases and have not signed one yet....PLS find out what  a Pugh clause is and include one in your contract.   Mine doesn't have one and recently I discovered that the O & G company  has used a few acres to hold all the acreage....what does that mean?...it means they extend the 5 year term beyond without paying a renewal fee...a real cruel way to treat the landowner who was unaware of what 'units' are or what 'pooling' means.   We can only hope that NG is found and is productive in the units they placed some of our acreage in...for unless there is a legal way to get our land free of being encumbered in an extension of the five years without a bonus again paid then we are stuck with the contract as is.   I was even told by the lady with the O & G just yesterday...too bad you didn't negotiate putting a 'pugh clause' in the contract.   heck, I didn't know what that was...and why didn't they just include one since they knew that they were offering an unreasonable situation for the landowner?   so read about the Pugh clause and do look at your gross vs. net on the royalty , etc.   These clauses are very important and many of the O & G companies (if not all) are using old contract styles and addendums have to be drawn up as they have not presented realistic reasonable offers with the old main contract forms.   A regular attorney who hasn't handled O & G or ROW agreements most likely couldn't do as well as one that has a history of doing such..   Learn enough at this forum at gomarcellusshale to be able to identify/discern  if the atty. you select knows what they are doing...for having an atty or a wise counselor in handling of the contract is well recommended.

http://www.mineralweb.com/owners-guide/lease-proposals/pugh-clause/

 

Permalink Reply by Tinamarie S on May 11, 2011 at 2:01am

Thank VG

I would have never gave this a second thought.   I am hearing of course, hearing couselor handling is very costly and finding the right person who is not going to take you in the wrong direction. 

 

Permalink Reply by DEER HUNTER on September 1, 2011 at 8:22am
PA armstsong county 2000 an acre 15 % royalty 5 yr 5 yr option
Permalink Reply by Kelly Fink on September 1, 2011 at 8:28am
Can you tell with 'who'?  15% property owner or O & G?
Permalink Reply by DEER HUNTER on September 1, 2011 at 10:03am
chevron, 15% of all oil and gas
Permalink Reply by Terry W. on September 1, 2011 at 2:40pm

Butler County

$3,000 acre 15% without deductions, O+G hydrocarbons and non hydrocarbons,

taxes are pro rated, 5+5yr

Finalizing addendum as I speak (type)

015334grltd9mPermalink Reply by 015334grltd9m on September 1, 2011 at 3:32pm
What company?

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