Going Rate in Beaver County

Does anybody know what the going rate for lease money per acre is in Beaver County? How about royalty %?  Also, who are the companies leasing in beaver co? Any info would be much appreciated.

 

J

Views: 557

▶ Reply to This

Replies to This Discussion

Permalink Reply by craig on October 20, 2011 at 8:24am

Recently I've heard numbers ranging from $2000 to the $2500+ area. Royalties 12.5-15%. Some of this depends on acreage and location. Those numbers are for actual leases signed already. I suspect these numbers are probably going higher as we speak. This is in Chippewa and surrounding municipalities.  

Personally I wouldn't sign for anything less than $2750 and 15% and it would be a good lease not the plain jane lease the companies show up with. I would try and push for $3000/acre and 16/17% though. These are all Chesapeake leases btw.

 

 

3tyojqer8wqp3Permalink Reply by 3tyojqer8wqp3 on October 21, 2011 at 3:49am
try to push 3,000 with 18% and for what its worth put in your lease the "right of first refusal" clause it give you some leverage if and when you sign a lease good luck!!
Permalink Reply by Jim Litwinowicz on October 20, 2011 at 3:34pm
What township are you in and how many acres do you have?
Permalink Reply by JD on October 26, 2011 at 12:47am
Indpendence with multiple landowners.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service