Chevron Offer

My brother in law was visited Friday (1/12/18) by a Chevron land man with a contract for his 2.5 acres.  I suspect a new lateral is going in from the existing ROSA well near Smock/Perryopolis PA.  He was offered 1K per acre and 14% royalty.  Any thoughts?? 

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Permalink Reply by James T Monyak on January 26, 2018 at 8:18am

The gas company can't just keep paying more for a lease.  They have to draw a line in the sand on how much money they are going to offer.

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