Adam: I posted a couple of weeks ago that I had just returned from Doddridge looking for certain wells, visited several pads, took names of some. What district is the Kirk pad in and is it near Central Station?
I am totally flying blind here, but I do believe that my sister and I have some rights leased to Antero in the John Davis North area. The last we heard, some of the heirs were refusing to sign or could not be located to allow drilling to proceed - that was in April I think. Antero told us that they had "equipment on the site" and were ready to drill, but had to wait for a court approval - they mentioned an injunction, I think - my sister got the letter, not me. I don't know if this has anything to do with your query, but it is possible. Hope it helps or at least does not add to the confusion. If you hear anything, please post and I will do the same. We have a call in to Antero, but no reply yet.
Oops, I have a question of my own: BCF Minerals has approached us about selling our rights. We only quite a few very small parcels in the area - nothing anyone else has been interested in up til now. Antero is really dragging its feet with drilling and we have received no further communication from them since the letter about going to court in April of this year. We have been offered $2500/acre - rights only. Anyone out there know if this is a fair price? We are both retired and could use the money, although it only comes out to about $24,000 each. I am growing old and feeble waiting for drilling to occur and then no guarantees anyway. I am heir to approximately 7.5 net acres that I know of, which isn't really very much, so even if we get lucky, how much would I stand to earn at current prices? Anyone?
formation specific lease?
if u can this is the way to go... just saying!
Thank you Adam. I will do as you say. What is a formation specific lease?
You all have provided me with some valuable information. I can now make a much better decision about my rights. Thanks a million. I will post as things go on as well. Margo
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