Replies to This Discussion

Permalink Reply by Finnbear on October 28, 2011 at 3:44am

Most company leases are multi-formation. Why do you ask?

Permalink Reply by Janice Lanphere Hancharick on October 28, 2011 at 4:53am

YES!!  This is not unusual, but the companies would much rather tie up your rights to China, and will put fine wording into their leases to achieve that goal.

Co-exprise out of Wexford, PA has successfully negotiated countless leases for their clients throughout the Marcellus/Utica states for 2 formations simultaneously.  I'm not capable of doing it, but the Co-exprise team is accomplishing this feat for the landowners' group I'm involved with in PA/NY.  The protections, added benefits, environmental issues, and pay-outs our lease addresses, are all in addition to ONLY OFFERING 2 FORMATIONS.

CX (for short) has successfully done this for public lands, commercial, and private acreage. It CAN and SHOULD be done!

jlhanch@nc.rr.com

Permalink Reply by Jab on October 28, 2011 at 5:01am

Thanks Janice,

I totally agree. I know a company in ohio that has also successfully negotiated a 2 formation lease. PAC development is the company name. 

Permalink Reply by time will tell on October 29, 2011 at 2:11am

Lab , who and how do you get in touch with PAC 

Permalink Reply by Jab on October 29, 2011 at 3:37am

H Bo,

send me your email and I will send you there contact info. Not sure if we are allowed to post emails or phone numbers on here

Permalink Reply by Janice Lanphere Hancharick on October 29, 2011 at 7:01am

A thought to all: While I'm sure that we're all referring to Marcellus/Utica formations, others exist at shallower levels that are being developed and produced successfully using the fracking technique.  Rex Energy has purported great success in western PA in Burkett shale.  This may exist in OH as well.  However limiting to 2 layers still allows for great potential for future lease endeavors.  Having the layers referred to by name and depth #'s in a lease leaves no doubt exactly what is included in the deal.

Permalink Reply by time will tell on October 29, 2011 at 11:40am

Hi lab , my email is rackridge123@gmail.com  thanks