Any updates for leases? - GoMarcellusShale.com2024-03-29T15:38:54Zhttps://gomarcellusshale.com/forum/topics/any-updates-for-leases?groupUrl=tiogacounty&commentId=2274639%3AComment%3A752022&x=1&feed=yes&xn_auth=noGiven the current conditions…tag:gomarcellusshale.com,2022-07-20:2274639:Comment:9031262022-07-20T14:38:11.474ZDarrell Weaverhttps://gomarcellusshale.com/profile/DarrellWeaver
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<p>Given the current conditions has ANYBODY seen a new SENECA lease in Tioga County.</p>
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<p>I know that there is some leasing activity happening and was wondering what type of terms are being offered. I know I could go to landex and download some current executed leases, but I was hoping someone here might have some firsthand knowledge......</p>
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<p>Given the current conditions has ANYBODY seen a new SENECA lease in Tioga County.</p>
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<p>I know that there is some leasing activity happening and was wondering what type of terms are being offered. I know I could go to landex and download some current executed leases, but I was hoping someone here might have some firsthand knowledge......</p> Thanks for your inputtag:gomarcellusshale.com,2016-10-07:2274639:Comment:7520222016-10-07T00:41:12.405ZDarrell Weaverhttps://gomarcellusshale.com/profile/DarrellWeaver
<p>Thanks for your input</p>
<p>Thanks for your input</p> I've never heard of a company…tag:gomarcellusshale.com,2016-10-06:2274639:Comment:7518032016-10-06T12:54:59.909ZJesse V.https://gomarcellusshale.com/profile/RebeccaVanderpool
<p>I've never heard of a company amending a lease extension term beyond the 3-5 year extension. If you get the the expiration of the current lease I would try to start and end my negotiations by saying give me the lease I previously had. If it is within the area of the currently offered numbers they would save a lot of time for themselves and you by drawing it up the same. Things have changed over the past 8 years. Gas prices are relatively low still but in a good portion of Tioga the Utica is…</p>
<p>I've never heard of a company amending a lease extension term beyond the 3-5 year extension. If you get the the expiration of the current lease I would try to start and end my negotiations by saying give me the lease I previously had. If it is within the area of the currently offered numbers they would save a lot of time for themselves and you by drawing it up the same. Things have changed over the past 8 years. Gas prices are relatively low still but in a good portion of Tioga the Utica is proving to be a second and even more lucrative gas play. Still the cost to drill it is more than double the cost to drill the Marcellus, which doesn't help anyone really. </p> Question
What happens if you…tag:gomarcellusshale.com,2016-10-06:2274639:Comment:7518852016-10-06T10:58:07.652ZDarrell Weaverhttps://gomarcellusshale.com/profile/DarrellWeaver
<p>Question</p>
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<p>What happens if you have a VERY user friendly lease in it's second term set to expire in 3 yrss</p>
<p>Do you think Shell would do admenment for 3rd term of five yrs with original terms......?</p>
<p>Question</p>
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<p>What happens if you have a VERY user friendly lease in it's second term set to expire in 3 yrss</p>
<p>Do you think Shell would do admenment for 3rd term of five yrs with original terms......?</p> Call the company who holds yo…tag:gomarcellusshale.com,2016-10-06:2274639:Comment:7518642016-10-06T01:07:24.078Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>Call the company who holds your lease.</p>
<p><em><strong>"I am just hoping they renew the lease at the amount the last 5 year lease was or more."</strong></em></p>
<p>Michael, Don't accept a check for lease renewal if it isn't the amount stated in the lease for the 2nd Term. That's one item in the lease that companies can't ignore and force you to remain in the lease, unless you make the mistake of cashing a smaller payment.</p>
<p>Call the company who holds your lease.</p>
<p><em><strong>"I am just hoping they renew the lease at the amount the last 5 year lease was or more."</strong></em></p>
<p>Michael, Don't accept a check for lease renewal if it isn't the amount stated in the lease for the 2nd Term. That's one item in the lease that companies can't ignore and force you to remain in the lease, unless you make the mistake of cashing a smaller payment.</p> Gary, I am told that a "No De…tag:gomarcellusshale.com,2016-10-05:2274639:Comment:7516072016-10-05T19:28:47.925ZRickhttps://gomarcellusshale.com/profile/RickC
<p>Gary, I am told that a "No Deductions" lease from Shell is an absolute deal breaker. However, they are flexible on the $/acre, royalty percentage, and the term of the lease. The Pugh clause they use is also negotiable.</p>
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<p>Would love to hear if anyone else is being told otherwise.</p>
<p>Gary, I am told that a "No Deductions" lease from Shell is an absolute deal breaker. However, they are flexible on the $/acre, royalty percentage, and the term of the lease. The Pugh clause they use is also negotiable.</p>
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<p>Would love to hear if anyone else is being told otherwise.</p> There seams to be more inter…tag:gomarcellusshale.com,2016-09-06:2274639:Comment:7484482016-09-06T19:29:25.138ZGary Keeneyhttps://gomarcellusshale.com/profile/GaryKeeney
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<p>There seams to be more interest in the Middlebury area, but so far fairly low numbers and royalties with deductions. Most people I talk to are holding for better. Does anyone know of any recent no deductions leases?</p>
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<p>There seams to be more interest in the Middlebury area, but so far fairly low numbers and royalties with deductions. Most people I talk to are holding for better. Does anyone know of any recent no deductions leases?</p> I should have known that, as…tag:gomarcellusshale.com,2016-09-02:2274639:Comment:7482362016-09-02T12:58:40.580ZMatt Lanctothttps://gomarcellusshale.com/profile/MattLanctot
<p>I should have known that, as I work in the industry. When I worked in Ohio, we called it a Release of Lease, as opposed to Surrender. Thanks for the reply, Theresa. Very helpful. </p>
<p>Matt</p>
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<p>I should have known that, as I work in the industry. When I worked in Ohio, we called it a Release of Lease, as opposed to Surrender. Thanks for the reply, Theresa. Very helpful. </p>
<p>Matt</p>
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<p></p> by surrender, they mean " sur…tag:gomarcellusshale.com,2016-09-02:2274639:Comment:7483222016-09-02T00:05:24.128ZTheresa Kolkhttps://gomarcellusshale.com/profile/TheresaKolk
<p>by surrender, they mean " surrender of lease". It's when your lease is up, you should ask whatever company holds your lease for a surrender of lease because they still have the rights to your rights (funny, huh?)...then if they decide in 2 or 3 years they want to drill they can just renew by sending you another (probably minimum) payment. Also, if anyone else gets interested in your property you can negotiate in good faith and show them the surrender to prove you own the rights. Otherwise,…</p>
<p>by surrender, they mean " surrender of lease". It's when your lease is up, you should ask whatever company holds your lease for a surrender of lease because they still have the rights to your rights (funny, huh?)...then if they decide in 2 or 3 years they want to drill they can just renew by sending you another (probably minimum) payment. Also, if anyone else gets interested in your property you can negotiate in good faith and show them the surrender to prove you own the rights. Otherwise, they can purchase your rights from the company that stills holds them and you get nothing. I have just requested a surrender and am waiting to hear from them.</p>
<p>Hope this helps, Theresa</p> What is a "surrender"?
tag:gomarcellusshale.com,2016-08-31:2274639:Comment:7479942016-08-31T18:07:49.274ZMatt Lanctothttps://gomarcellusshale.com/profile/MattLanctot
<p>What is a "surrender"? </p>
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<p>What is a "surrender"? </p>
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