Rice signing bonus received

Started negotiating with Rice in January on a gas lease. Received  bounus check today as stated in the lease agreement. Rice was a fair company to deal with compared to others  leasing in our area. Can't share lease information because of confidentiality clause but if you have other question I would be glad to answer them.

To protect yourself before you sign a lease I recommend you first learn about the whole gas leasing process and, A MUST,  have an experience gas attorney on your side.

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Permalink Reply by Terrance Livingston on June 15, 2014 at 10:17am

I have an appointment with a Rice landman tomorrow evening. Any suggestions?

Permalink Reply by catt on June 16, 2014 at 11:36am

Congratulations......Rice is a good company.

Don't forget to send Uncle Sam his portion! LOL! Oh and Obama care and state taxes and 150.00 to the state for commercial selling of your minerals!

Permalink Reply by Ragnars Repo on June 17, 2014 at 1:36am
Catt
Did you sell your minerals or lease them?
Permalink Reply by E. Progar on June 17, 2014 at 2:50am

NO!! I would only do a lease.

Permalink Reply by catt on June 17, 2014 at 2:22pm

Our minerals are leased .....not interested in selling. 

Permalink Reply by E. Progar on June 17, 2014 at 2:49am

Thanks, Good advice.

Permalink Reply by Todd on June 16, 2014 at 4:29pm
E., Terrance,
Where is your property located?
Thanks!
Permalink Reply by E. Progar on June 17, 2014 at 2:52am

We are located in the Village of Hackett. Southeast corner of Peters Township.

Permalink Reply by E. Progar on June 17, 2014 at 2:48am

Adam Jablonski was my Rice Landman. He was really great to work with during the whole leasing process. He answered my question truefully and if he didn't have the answer he would find out for you.

It's a good starting point. Remember its a long process to get the lease you want.

Permalink Reply by jason irvine on June 17, 2014 at 5:40am
I do have a question, in the confidentiality clause. What general info are you not allowed to talk about. I obviously do not want specifics. I just want to know what the clause says. Thanks
Permalink Reply by E. Progar on June 17, 2014 at 6:14am

Anything wirtten into the lease can only be shared with professional services like accounts, financial planners, etc.

Permalink Reply by Terrance Livingston on June 17, 2014 at 12:34pm

Thanks everyone for your responses. I currently have both Rice Energy and  Antero interested in leasing my acreage located near California, PA. in east central Washington County. These talks are only for a lease agreement and I would appreciate any input or suggestions that the forum members may have.

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