A new lease from Antero to pool my acres.

Okay so I have had O&G rights for years in Doddridge County, have had a consol lease for a while since they bought the last lease holder. Now I have a new lease from Antero to pool my acres. I look at as a new lease beacuse they are pooling and they state it is a new lease. My question is what is the average price for signing per acre now and what is a good percentage for royality. also I assume Antero is active in the West Union area or they wouldn't have sent me a new lease. I am in Pennsylvania now and am not as savy as I should be to what is going on in the area, so that is why I;m asking the questions. Any feed back would be appreciated.

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Permalink Reply by jason irvine on July 26, 2015 at 4:29pm
Firstly go to antero investor presentation. Has great maps off the area and production numbers. They r active in that area. The utica is unknown but marcellus is good and wet. I have no backing for this but I would go just marcellus 4 to 5k per acre and 20%. I might move download. Just alittle to keep the utica open. I don't have property down there. I'm alittle North on the border of wetzel and tyler county line
Permalink Reply by Frank on July 26, 2015 at 10:48pm

Thanks Jason for the info. Do you know whne they are having an investors presentaion in the area?

Mike MurphyPermalink Reply by Mike Murphy on July 27, 2015 at 1:35am

they don't have investor presentations by area it is for the stockholders of the company  and they usually have a presentation quarterly for their investors it not for the landowners benefit it to show investors how the company is doing and what the company is planning on doing with their money

Permalink Reply by Frank on July 27, 2015 at 3:12am

Thank You Mike

Permalink Reply by Isopatch on July 27, 2015 at 5:52am

In early May, Antero leased some very small acreage interests I own, in NE Gilmer County (south of Doddridge County)  My interests are located about 10-12 miles apart.  So, they leased them into  2 separate large pooled tracts.  Term of lease 5 yrs.  They paid me $1,800/acre just for the Marcellus zone. 

This is rank wildcat, aka exploratory, acreage.  No horizontal wells have, yet, been drilled anywhere in northern Gilmer County.

Nevertheless, might have gotten a bit more in the bonus.  Instead pressed for - and got - NO deductions from my %age share of any future royalties for transportation, or processing of natural gas produced by any wells drilled on either tract.  Also made sure the standard lease was amended so I'll also receive my share of royalties for any natural gas liquids produced.  That's important because the geological trend they're trying to extent into Gilmer, is highly prospective to contain wet gas, aka gas which contains natural gas liquids like propane, butane, ethane, etc.  

Permalink Reply by Nancy Mosley on July 27, 2015 at 2:40pm

Good lease terms Isopatch. Glad to hear they gave them to you.

Permalink Reply by Andrew Blackley on September 8, 2015 at 5:44am

isopatch

We have some land in Troy District, Gilmer Co and have received an offer from Antero. Yours is better and is good to know. Were you dealing with a landman, and if so who if I might ask?

Permalink Reply by Nancy Mosley on July 27, 2015 at 8:11am
What you have might be a modification of a lease instead of a new lease. They might still pay you an inconvenience fee (that is the term) of a few hundred to maybe a thousand or more, depending.
Permalink Reply by Isopatch on July 27, 2015 at 8:45am

Yes, they are modifications to the standard lease attached as addenda and recorded at the county courthouse with the rest of the text.

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