Would you sign a new lease for $4000 bonus 20% no deductions?

Would this be a good 5 year lease to sign?

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Permalink Reply by DJM on December 18, 2017 at 8:27am

Where is your property?

Permalink Reply by james on December 18, 2017 at 8:30am

Crawford, Mercer, Venango, Warren counties in Pa.

Permalink Reply by DJM on December 18, 2017 at 8:39am

I'm from Monroe Co. Ohio I would most likely take the money, my lease runs out at the end of this year and Antero said they are not going to renew, current lease is for $6,000 an acre 20% no deductions except for enhancements. but I don't know about your areas. 

Permalink Reply by Ed on December 18, 2017 at 9:44am

They won't pay $6000 per acre upfront for a 3 year renewal? Did  they offer $1200 per year for up to five one year renewals?

Permalink Reply by DJM on December 18, 2017 at 9:50am

5 year renewal, and no they said they were not going to renew the lease.

Permalink Reply by Ed on December 18, 2017 at 9:55am

Where in Monroe County?

Permalink Reply by DJM on December 18, 2017 at 9:58am

Bethel Twp. south east portion

Permalink Reply by william george allison on December 18, 2017 at 10:18am

james where at in warren county ??

Permalink Reply by JK on December 18, 2017 at 8:37am

Sounds great.

I hope you have an experienced O&G attorney to address many things not usually included in a 'no deductions' lease.

Let us know how you progress.

Good luck!

Permalink Reply by james on December 18, 2017 at 8:40am

I haven't done anything yet, still waiting for an offer to come along. I would like to get a lease with similar terms like this.

Permalink Reply by M.A.B. on December 19, 2017 at 1:53am

James,

Are you hoping for a lease like that or do you know of offers in that area. Just curious as I know of  no activity what so ever. Hilcorp let a lot of leases expire and I know of no interest by anyone at this point.

Permalink Reply by james on December 20, 2017 at 4:05pm

Hoping like many others, lol.

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