Has anyone received payment from Antero for lease modification?

I don't feel its fair that a relative leased minerals years ago before horizontal drilling and now Antero has bought all theses little leases and wants us to just sign a modification to allow pooling without any payment.  Yes the original % is there but going from $3200 to $4200 per acre for new lease to zero is ridiculous.

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I believe some people are getting an "inconvenience fee" and some people are getting modifications of the modification language, and possibly of the original lease. Antero has a lot of landman working in this and some are more helpful than others. Always a good idea to ask a lawyer before signing anything. I see your point about fairness but this is business.

Anyone want to comment on the average "inconvenience fee"?  I was offered $1000

Our landman is still telling our lawyer he is offering nothing. We should be glad of a chance to get a new well. Hope others have better stories to tell.

Just an update here. We finally just went ahead and agreed to the $1000 inconvenience fee. Hopefully, something more will come of the pooling.

Bill did your landman say anything about signing a statement about confidentiality? It was mentioned to us in our negotiations. Still negotiating.

No one has ever mentioned that to us. Most people, even our pastor, are tightlipped on the subject. No help at all. Divide and conquer.

My family has received a similar lease modification letter from American Energy - Marcellus, LLC referencing Utica specifically and pooling.  They offered $200.  We didn't know anything about the mineral rights let alone any existing lease.  There are probably funds in escrow somewhere as well.  I asked the landman to provide a copy of the existing lease and whether we had anything in escrow.  They will not provide a copy of the current lease only a copy of the original lease that was signed in 1894 that references the land.  We are assuming that this is not the current active lease.  We would also like to see the title search and access any funds in escrow.  Any thoughts from anybody?

Dan

That 1894 lease could still be valid. I have one from 1890 (not the property referenced above by me).

You could ask to see what they have on the title, and the history of the lease, what wells are there (ask for API numbers for the wells), ask who has been receiving the royalty (your share, which ancestor). If there isn't current royalty then probably the lease isn't valid and you could say that to them. Before you sign, get as much info from them as you can. After you sign, they might not be as friendly. And, always a good idea to have an attorney look at something you plan to sign.

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