Anybody else unsure about leasing in stark county
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Where in Stark county are they getting $3850-$5800?
AMOS OMG NO!! That's highway robbery. Others are getting anywhere from $3,850 - $5,800 per acre and 18-19% GROSS Royalties. Tell them to sweeten the pot or don't sign. You're in the driver seat, don't let them bullshit you and make you think you're not.
my property is in a combined oil and gas lease.i have been contacted by chesapeake energy that they have bought the deep drilling rights from the current lessor,they said they need me to sign a lease with them for the deep mineral rights since the orginal lease does not have them in it.they are offering 12 percent royalty with no sign on bonus.does this seem right and has anyone heard of this , i need help.
The article linked below was in the Wednesday Akron Beacon Journal. CHK filed 1046 leases with the county on Monday.
Steve,
The usual going rate for a pad is $15,000. and $12,500. for a containment pond, paid by Chesapeake.
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