Which county and township are you located in Nancy? Who is the company wanting to lease the rights?
What does it matter if he is on this site he at least knows that his speel is seen by all and can only help you and any other stories he is telling your neighbors remember strength in numbers.
I was thinking the same thing CJ. What I am wondering is why you did not ask the landman these questions Nancy? It is not like he is not going to let you sign a lease just because you came on this forum to ask a few questions. He should have all the answers to these questions as to what their intentions are for wanting you to sign a lease with them. Did they say they wanted to drill horizontal or conventional vertical wells in the Knox?
I will take a guess and say it is probably Artex Energy that wants to lease you. I could be wrong though.
I believe there are at least four formation in the "Knox" group.... Beekmantown, Rose Run, two others...
Good morning nancy if you notice the date on r2d2 second attachment it is the 1980s these leases were probably paid 5 dolars a acre possibly in no way should you sign on unless you have a true oil and gas attorney good luck cj
You could save the document that was posted by r2d2 above and then print it out. If not you could go to the Morgan county recorders office and find the document there in their computer database. Do a search for Artex or Chesapeake and you will be able to find the document. The recorders office will charge you money though probably to print the pages out for you.
As a landowner, I negotiated with the oil company myself rather than getting involved with a group. I find it funny that people are so skeptical of the motives of the oil and gas companies, when the money hungry attorney's out there are the ones who are fear mongering and trying to form "landowner groups." Gee, are the attorney's helping you guys out for free? I bet not. I bet they take at least 4% from the landowners for "negotiating" on their behalf.
Meanwhile, the oil and gas companies have a laugh because they can make an entire area settle for the same amount of money per acre. I, myself, negotiated for $1000 more per acre on my own, compared to a neighbor who went with a "group." Oh, and his attorney took 4% of his money too!! LOL. And, by the way, your attorney who negotiates for your group likely was a family law attorney or a drunk driving attorney before the oil & gas boom hit. Now, they call themselves oil & gas attorney's. Go figure!!
Best of luck!
I agree that an oil and gas lawyer is a good idea for most people. I don't agree that anyone should use a self-proclaimed oil and gas lawyer who specialized in another kind of law prior to the boom. To me, it seems like they are preying on landowners who don't know any better.
No motive here, as I don't have a dog in the fight. Just believe that landowners such as myself should be presented every side of the equation. Landowner groups and attorney's sometimes muddy the waters.