Where is your property?
Crawford, Mercer, Venango, Warren counties in Pa.
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.
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?
5 year renewal, and no they said they were not going to renew the lease.
Where in Monroe County?
Bethel Twp. south east portion
james where at in warren county ??
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.
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.
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.
Hoping like many others, lol.