What is XTO paying for a signing bonus and royalty's in western PA right now?
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I'm in Jefferson Township, Butler Country, PA, and own 18 acres, and I just got offered $1000/acre + 15% royalty from XTO. That seems lowball compared to prior offer of $3200/acre from PennEnergy. We had requested a no surface disturbance clause which would have dropped price to $1800/acre. The local landman couldn't approve a no surface disturbance clause for 18 acres, so it got sent to the main office - now the landman no longer answers our emails/calls. We talked to XTO landman about no-surface-disturbance at $1000/acre, and he seemed to think it was possible. We are tempted, but also a little frustrated at the low cost. I am curious if anyone else had seen lease bonus drop to lower level.
Dave
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