Replies to This Discussion

Permalink Reply by Dale on August 17, 2015 at 6:59am

Scott, my Dad has part interest in mineral rights on his inherited rights in Elizabeth township - apporoximately 107 acres. He was working with an Attorney, had a lease agreed upon and was in the process of signing when the oil/gas market tanked- thus EQT declined to sign the lease. Offer was 5000/acre 17% gross. Are you saying EQT is actively seeking to lease land currently in Elizabet township. So far no one has contacted my Dad.

What have you signed for per acre and royalty and what is currently be solicited?

Thanks Dale.

Permalink Reply by scott m on August 17, 2015 at 7:19am

Forget the 5k and 17% for now and most likely into the future for next 2-3 years. The mailers I get are from bottom feeders because of the market conditions. Not saying that is bad and perhaps I would do the same however, they know something down the road is going to happen, but want to get in cheap. Really not worth the time for those that can sit it out for a few years. Your dad should have signed 18 months ago and it would be in your best interest now, to see who the properties around you have and where well head is going, that is very key in the scheme. Good luck!