Hello. I am the owner of 55 net acres of mineral rights in Harrison County WV.  I have been approached by an agent representing HG Energy to lease the Marcellus and Upper Devonian formations. His first offer really offered nothing at all and we are now negotiating. I know I will need a lawyer but am looking for local knowledge as I now live in Vermont. What would be a typical bonus or royalty rate in this area for example? Or what kind of operator is HG? I'm sure it all "depends" but I would greatly appreciate any information. Thank you.

Views: 237

Reply to This

Replies to This Discussion

Hmm, HG recently sold us to Westmorland Gas, LLC.
They are out of Parkersburg, WV. We liked them very much and were surprised by this sale.

HG had bought us from SWE with SWE retaining our Marcellus rights.
We had no vote on this agreement.

We've heard SWE has no money to drill our wells so we wait for who knows when..

Don't even think about doing this deal without an experienced O&G attorney.

IT has gotten so complicated that one decision causes 4 other things to be put into play with you getting the very short end of anything.

Move extremely cautiously..

Thanks for the reply. I will surely hire an attorney. Any idea on potential value of such acreage or on drilling activity in the area?


Local Groups

Latest Activity

Blog Posts

Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…


© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service