Lowball Lease Offers: You've been warned!

Don't be them - Poster Landowners for the Uninformed.

 

The Beinlichs are among thousands of residents living atop the gas-rich Marcellus Shale who signed lowball leases in the years leading up to the boom in Pennsylvania. In those early days a half-decade ago, virtually no layperson had even heard of the rock formation, let alone knew that drillers had found a way to access the huge reservoir of natural gas locked inside it.

 

http://www.mercurynews.com/breaking-news/ci_18536779

 

View lease offers on GMS' sister site shalebiz.com by going here - http://www.shalebiz.com/pages.php?page=11

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Permalink Reply by Frank Walker on July 30, 2011 at 1:34pm

Agreed, Robin.  Well said.

 

I held out as long as I could.  At first it was based on unvarnished instinct, along with realization I was a drilling dummy.  Later, after I learned more, I realized I was taking the right approach.  But you cannot hold out forever and I didn't.

 

 

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