Curious going rate per acre for new lease agreement - GoMarcellusShale.com2024-03-28T19:49:00Zhttps://gomarcellusshale.com/forum/topics/curious-going-rate-per-acre-for-new-lease-agreement?commentId=2274639%3AComment%3A826219&feed=yes&xn_auth=noActually, the thousands of do…tag:gomarcellusshale.com,2020-04-19:2274639:Comment:8268762020-04-19T14:17:08.794ZPA Joehttps://gomarcellusshale.com/profile/PAJoe
<p>Actually, the thousands of dollars per acre paid in years past is never coming back. It began with Chesapeake Energy and spread as others sought to play the shale game and had to keep up. Chesapeake's founder and former CEO crashed his SUV into an overpass the day before he was being forced to appear before Federal Investigators because of the collusion and Ponzi scheme (shale plays) he created. The reason the whole shale biz is collapsing is these large lease bonus payments. Companies have…</p>
<p>Actually, the thousands of dollars per acre paid in years past is never coming back. It began with Chesapeake Energy and spread as others sought to play the shale game and had to keep up. Chesapeake's founder and former CEO crashed his SUV into an overpass the day before he was being forced to appear before Federal Investigators because of the collusion and Ponzi scheme (shale plays) he created. The reason the whole shale biz is collapsing is these large lease bonus payments. Companies have so much debt because of them, and flooded the market with Oil and Gas, that they couldn't make a profit even when oil as $100/bbl. They borrowed money to pay for these leases (at 13-17% interest rates) now the "chickens have come home to roost". No one will loan them money anymore and many are going belly up, they need to. Hold out if you want, it will eventually make prices go higher but I don't think anyone in Marcellus and Utica will ever get more than $1000/acre ever again. Even when prices do go up. The party came and went.</p> Off of Beaver Dam Road. $350…tag:gomarcellusshale.com,2020-04-13:2274639:Comment:8264172020-04-13T19:46:13.450ZJOHNhttps://gomarcellusshale.com/profile/JOHN814
<p>Off of Beaver Dam Road. $3500 an acre, 17.5% GROSS and a much better lease than EAP is offering. Signed 60 days ago.</p>
<p>Off of Beaver Dam Road. $3500 an acre, 17.5% GROSS and a much better lease than EAP is offering. Signed 60 days ago.</p> My email is Nickyrb@sbcglobal…tag:gomarcellusshale.com,2020-04-13:2274639:Comment:8261082020-04-13T04:11:50.421ZNicolehttps://gomarcellusshale.com/profile/Nicole195
My email is Nickyrb@sbcglobal.net -it’s hard to send lengthy replies on this page. Thank you OhHenree!
My email is Nickyrb@sbcglobal.net -it’s hard to send lengthy replies on this page. Thank you OhHenree! If you have representation ha…tag:gomarcellusshale.com,2020-04-13:2274639:Comment:8261052020-04-13T03:34:18.335ZOhHenreehttps://gomarcellusshale.com/profile/OhHenree
If you have representation have them check wording; but tell energy co that you want % of GROSS not as others have replied, they are getting % of NET. I cannot explain in quick reply but that is the only option, if no GROSS tell them to hike, unless you need the $/acre. Don’t be tobbed.
If you have representation have them check wording; but tell energy co that you want % of GROSS not as others have replied, they are getting % of NET. I cannot explain in quick reply but that is the only option, if no GROSS tell them to hike, unless you need the $/acre. Don’t be tobbed. We renewed 68a in Belmont/Pul…tag:gomarcellusshale.com,2020-04-12:2274639:Comment:8261542020-04-12T00:40:18.070ZBrianhhttps://gomarcellusshale.com/profile/Brianh
<p>We renewed 68a in Belmont/Pultney with Gulfport 2018 at $6200.</p>
<p>We renewed 68a in Belmont/Pultney with Gulfport 2018 at $6200.</p> sorry the well is on adams ro…tag:gomarcellusshale.com,2020-04-11:2274639:Comment:8260832020-04-11T11:16:27.116Zray schmidthttps://gomarcellusshale.com/profile/rayschmidt
<p>sorry the well is on adams road not long road.we got our first royalty check this month.no deductions!! we have a.l.o.v. lease</p>
<p>sorry the well is on adams road not long road.we got our first royalty check this month.no deductions!! we have a.l.o.v. lease</p> Franklin and Stock Twp Actual…tag:gomarcellusshale.com,2020-04-11:2274639:Comment:8261422020-04-11T02:56:01.434ZNicolehttps://gomarcellusshale.com/profile/Nicole195
Franklin and Stock Twp Actually contacted by DPS Land Svcs on behalf of EAP, LLC. It was a simple one page letter we had to sign. When asked he stated it was a continuation of the prior lease agreement just less per acre and longer (adding an additional year).
Franklin and Stock Twp Actually contacted by DPS Land Svcs on behalf of EAP, LLC. It was a simple one page letter we had to sign. When asked he stated it was a continuation of the prior lease agreement just less per acre and longer (adding an additional year). Wow. Good info. Thank you so…tag:gomarcellusshale.com,2020-04-11:2274639:Comment:8259002020-04-11T02:33:47.842ZNicolehttps://gomarcellusshale.com/profile/Nicole195
Wow. Good info. Thank you so much.
Wow. Good info. Thank you so much. Ray, After looking at the Ohi…tag:gomarcellusshale.com,2020-04-10:2274639:Comment:8261402020-04-10T21:37:04.035ZJoe C.https://gomarcellusshale.com/profile/NickC6648
<p>Ray, After looking at the Ohio ODNR viewer, There is a producing unit along Long Road. It's called the AKERS Unit drilled by EAP Ohio. </p>
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<p>Nicole, is this were your located??</p>
<p>Ray, After looking at the Ohio ODNR viewer, There is a producing unit along Long Road. It's called the AKERS Unit drilled by EAP Ohio. </p>
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<p>Nicole, is this were your located??</p> Just FYI, Encino is taking 95…tag:gomarcellusshale.com,2020-04-10:2274639:Comment:8262252020-04-10T18:32:35.010ZJoe Bezelhttps://gomarcellusshale.com/profile/JoeBezel
<p>Just FYI, Encino is taking 95% + percent deductions off of royalty statements, so you won't get anything near your 20%. Before you sign anything, take it to a good lawyer to make sure you have strong language regarding deductions. If you have to fight them in court, it will be critical.</p>
<p>Just FYI, Encino is taking 95% + percent deductions off of royalty statements, so you won't get anything near your 20%. Before you sign anything, take it to a good lawyer to make sure you have strong language regarding deductions. If you have to fight them in court, it will be critical.</p>