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.
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?