I have close to 20 acres that I am looking to get a gas lease on in Butler county.

Who should I talk to? I heard they are not currently looking to lease any property. Any suggestions as to what I should ask for out of the leasing company in terms of a contract?

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Permalink Reply by Jack Straw on September 19, 2012 at 8:19am

RE: "Who should I talk to?"

I would first speak with the owners of immediately adjacent properties.

Explain to them your interest in leasing your 20 acres and ask if they would mind telling you if they are leased and if so, to whom.

You are "small potatoes" with only 20 acres (when a pad with multiple horizontal wells might require 320 + acres). O&G Companies need to stitch together a bunch of contiguous acres (oriented in a certain manner).

Your best bet for leasing is to a company that either already have a sizable piece of real estate in your neighborhood - or are attempting to put together a sizable piece of real estate.

 

What you might learn from neighbors might best serve you in determining what next to do.

 

All IMHO,

                   JS

Permalink Reply by Tom McConnell on September 19, 2012 at 9:57am

The township in which you are located or a tax parcel number would be helpful to suggest who the player is in the area.  Butler County is fairly well defined with where each operator is building their play.

Permalink Reply by mark alters on September 19, 2012 at 11:17am

I live in Callery Borough

Permalink Reply by Oliver Perry on September 20, 2012 at 2:38am

You are in the area that REX Energy leases. I would contact them. You can also look on the Butler County website to see if any of your neighbors are leased and who they leased with.

Permalink Reply by mark alters on September 20, 2012 at 2:44am

Do you have a number for Rex? We did have a lease with Atlas on our property however that is about to expire in January. Unless they decide to renew.

Permalink Reply by Oliver Perry on September 20, 2012 at 3:00am
Permalink Reply by eric jenson on September 19, 2012 at 1:24pm
Just wait! Dont go to them. Let them come to you! When they want your land they will come up with a resonable offer.

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