Hello, I’m not very knowledgeable about mineral leases, and, have never really felt the need to educate myself on the matter until now. I was approached by a Landman last week and was informed that our 1.4 acres falls within a proposed drill site in Fayette county (our property is in westmoreland). He offered us, what we feel, is a lowball bonus offer and just above the minimum 12 1/2% royalties minus our share of the post production cost. Can someone give me any sound advice on what a fair bonus $/acre would be? Do I have any negotiating opportunities considering the fact that our property is only 1.4 acres? Thanks in advance for any opinions/thoughts.

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I'm sorry, but you're not going to get anything near $7,500/acre in this current environment.  Ten years ago, sure.  Today in the heart of Greene County, possibly.  

James, which gas company are you working with and where is your location?
Chevron...and I’m in Rostraver township, about 1/2 to 1 mike from the Fayette County line.


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