Now in Clay Twp

Just had a land man approached me in Clay twp Butler County, about leasing. He said Shell is gone and Rex is definitely ready to lease and Clay Twp is a prime spot now. I was told they are offering $2500 per and a 16% royalty if I signed within a 30 day window. And hopefully in 90 days they will start drilling. They want to get started as soon as possible.  Also he said that there will be multi units and multi heads here in place in Clay. He works for a company called R.E. Gas Development out of State College, Pa.. The blank lease itself he gave me, looks straight forward, not like the Shell one I had before and didn't sign. OK that is all he said till I go into the office and talk more and Sign?? I dont get on here much, but now there is some movement I will..

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Permalink Reply by nitr01 on May 14, 2014 at 6:59am

Can you send me the land mans name that approached you?  I was approached on one of my properties in Clay but wasn't keen on the person that we were speaking with.

Permalink Reply by Klix on June 6, 2014 at 12:19am

nitr01, Sorry for the late reply but the landman I talked with was Terry Schaefer from Western Land Services in Butler.

Terry.Schaefer@westernls.com

(877) 775.2972

Permalink Reply by nitr01 on June 6, 2014 at 3:40am

thanks

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