Replies to This Discussion

Permalink Reply by Dan on March 30, 2011 at 7:05am

I've been told the group is closed now.  And that they are in the bidding process with prospective buyers of leases.  I also was told that a 2nd phase of Mt Jackson group has been opened and that anyone may join that, interestingly though the terms are much worse...they now want 8% of the bonus and 5% of the royalties.  Not sure if its worth those terms...quess it depends on what bonus and royality they can negoitiate.  Another way to look at it is they are either getting very greedy....or they DON'T think they can get significantly higher bonus and royality from their negotiating efforts.....just a thought....any other thoughts on the group??

Permalink Reply by E. MACAY on May 13, 2011 at 10:37am

IF YOU THINK YOU WILL GET RICH DEALING WITH THESE PEOPLE- THINK AGAIN. CHESAPEAKE OWNS ALL OF BEAVER COUNTY AND THEY HAVE STEADFASTLY REFUSED TO DEAL WITH THESE PEOPLE. BRADYS RUN PARK SIGNED UP WITH THEM, AND CHESAPEAKE REFUSED TO COME TO THE QUARTERLY MEETING TO DISCUSS A DEALING PRICE. ASK THE 'GROUP' ABOUT PROGRESS- THEY CAN'T POINT TO ANY BECAUSE CHESAPEAKE REFUSES TO PLAY BALL- AND MEANWHILE THEY KEEP RASING COMMISSIONS. IF YOU DON'T BELIEVE THAT CHESAPEAKE IS SERIOUS ABOUT LEAVING PEOPLE OUT JUST LOOK AT THEIR MOST RECENT UNITIZATION- THERE IS A BIG DONUT HOLE WHERE A LANDOWNER WAS ASKING CRAZY MONEY- THEY LEFT HIM OUT. INCIDENTALLY, ALTHOUGH STATE LAW SAYS THEY CAN NOT DRILL WITHIN 200 FEET OF YOUR PROPERTY- DRILLERS CAN, AND DO, TAKE GAS FROM AS FAR AWAY AS 800 FEET. THIS IS DUE TO THE LAW OF CAPTURE, AND THE FACT THAT FRACKED GAS JUST FLOWS TO FILL A VOID -ANY VOID- THE LESSON: GET ON BOARD WHILE YOU CAN AND SECURE A DEAL OR BE LEFT BEHIND AND LOSE YOUR GAS.

Permalink Reply by Chaz Donald Lewis on July 13, 2011 at 4:48am

Are you thinking about signing or resigning a gas lease? Do you currently have a gas lease? Did you feel cheated on your last lease? Do you need help getting out of your current gas lease? Do you need representation? If so, Northeast Natural Resources Advisory Board is here for you! Northeast prides themselves in representing the individual land owner not the gas companies so you get top dollar per acre and the highest royalties for your land. Check us out at http://www.nenaturalresources.com/ or call us today at 724-359-5035.

Permalink Reply by Jim Litwinowicz on August 7, 2011 at 6:51am

CHK just signed a deal with Co-eXprise members at prices and terms better than what they had been offering independent landowners. The lease is much better than most people would have ever gotten on their own.

Permalink Reply by ShaleAdvice (Steven C. Townsend) on August 9, 2011 at 10:36am

I would be careful of only looking at the dollar amount for royalty and bonus payments.  Although those are very important factors to consider when deciding whether to lease, there are other factors you must take into consideration.  Remember the lease is written to protect the oil company, not the landowner or mineral rights owner.  Also, there are a number of clauses and provisions that should and must be included in addendums that will protect your current and future interests.

Landowner groups are great, but realize that your needs may not be identical to your neighbors.  Your lease should be catered to you specifically.  There are attorneys out there who are dedicated to the landowner from start to finish.   I wish I could give you specifics, but this site is not the right forum.  You should google those who handle marcellus disputes.

 

 

 

Steve Townsend

Permalink Reply by Jim Litwinowicz on August 12, 2011 at 4:06am

Like I said in my post, the landowners got better terms than they would have received negotiating individually. As a group, they had the power to get a lease that with a large number of addendums that gas companies usually don't accept. 

 

I know many people who tried to work out a lease with gas companies and they had a difficult time as O & G's are very difficult to deal with.  They will give on a few issues, like gas storage, but not on ones that really matter.

 

Groups give you leverage. And many groups will allow for an individual situation should your circumstances require such.