Today we got an offer from Petro-edge and it is for %15 and $1500/acre paid up. can anybody share if this is a good offer for this area or are there people that hae signed with this company for more or less?
I was told that was the going rate. I have signed a similar lease with Petro Energy and have received my bonus payment.
I wonder, Is your wife related to the WV Whiteman's?
Any chance you know about Thomas P Whiteman of West Virginia? I too just signed a lease with Petro-Edge for the same amount. $1500/acre and 15% royalties for a 5 year lease. It was heired to me from the Whitemans and I didn't know I was an heir until I got a phone call a few weeks ago.
Thomas P Whiteman was my great Uncle. John B Whiteman, his brother was my great Grandfather.I am also an heir to the Sardis mineral rights through my Grandmother Bertha Whiteman, John B's daughter.
I also signed a lease with Petro Edge for the same amounts.
We must be related in some manner, great Cousins or something.
I found a family tree that was sent to my mother by a Pardee Gas company over 20 years ago. According to it, my step father was the great grandson of Mary Flanigan, Thomas P Whitemans daughter. Of course I still have more work to do as the lease I just signed was for a tract that is 64 acres in size and the paperwork I found talks of a tract that is 108 acres. I have no clue where the 108 acres is located as the document I have gives location based off of actual trees and names of neighbors, no road names or landmarks. Guess a trip to West Virginia is in my future.