I have a old lease that covers most if not all of a parcel of land (188 acres)...there are a couple shallow wells, paying royalties. I am HBP , no question there. This is in Eastern Ohio
I read the lease...it limits pooling to 160 acres
It also states that compensation for oil is 1/8 delivered to lessor via pipeline or storage tanks
at no cost.
gas compensation is the usual. 1/8 revenues when sold at specific barometric pressures/temps......all that stuff.
My question: This lease obviously won't work out for a Utica/Marcelles well....so what could one expect in exchange for agreeing to modify the existing lease to meet the needs of the O/G driller?
Tags:
© 2025 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com