New with questions

Hi everyone, I am relatively new to the forum and don't understand a lot of this. I have some questions. I have ~7 acres of land that is not yet leased. Rice Energy has a permitted (well?) on the same road that my acreage is found (belmont area). Then there is another one from Rice that says "drilled" status kind of near by. Some other properties around mine are with Rice while others are not. Does it benefit me to sign with Rice since their site is close to mine? Will this increase my chances of getting royalties if it works out? When I talked to Rice it seemed they wanted to fill in existing areas near where they already had others who signed with them. I don't know what to expect with all of this in the future. I am in my early 30s and hope that this will some day benefit my children. I missed the S-G signing and am looking to the boards here for info and advice. Thanks.

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Permalink Reply by catt on March 18, 2014 at 8:17am

Dear justme1.....you are doing the right thing by asking questions. There is a lot of good advise on here BUT...you should definitely seek advise from an oil and gas attorney before signing anything with any company. As in leasing with a company just because they are near you doesn't mean you are getting the best deal with your contract. Seek a contract that is the price and percentage you are interested in possibly receiving. These companies trade, buy and joint venture together, so if you are owned by one company doesn't mean that they will drill you ......it all depends on the area and the companies. Seeking advice is the most important thing.....don't go it alone.

Permalink Reply by justme1 on March 18, 2014 at 8:20am
Thanks. I am in the process of finding one :)

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