Any updates for leases?

Bought a cabin in Tioga and the OGM's were transferred to me at the sale. I did get a confirmation letter from the gas company with them updating their records of ownership and they sent a letter of intent to renew the lease. I am just hoping they renew the lease at the amount the last 5 year lease was or more. I was told I should hear something by June/July, but haven't heard anything. Anybody else experiencing this or did you renew your lease lately?

Thanks,

Mike

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Replies to This Discussion

Permalink Reply by Lenni Campbell on August 31, 2015 at 10:17am

I called Talisman as our lease is up in November, as of right now they are not renewing our lease in Tioga County.  Not sure if that is the same for most people. 

Permalink Reply by David J. Reed on August 31, 2015 at 3:58pm
Mr. Sasarak----give me a call anytime to discuss renewing your lease. David Reed, Seneca Lease Manager. 814-598-1407
Permalink Reply by Brian Day on September 1, 2015 at 1:55pm

Is Seneca interested in any acreage that might become available in the next few months near the Cruttenden pad or the Davis pad?

Permalink Reply by paleface on September 1, 2015 at 2:48pm

 Hi Brian you could give Derrick Bish a call at Senaca resources (814-220-1528) real good guy.If he doesn't answer he will call you back promptly. He's in there land dept.

Permalink Reply by Theresa Kolk on September 6, 2015 at 2:02am

Hi, Mike,

     I'm kind of a neighbor, over in Liberty township. I had a 5 year lease they renewed which is the norm. They will pay you what is in the lease for the renewal. My lease is up in a little less than a year but have still not been put in a unit or drilled or any of that. If they renew, all they have to do is send you a check for the amount stated in the contract. If not, you will be free to enter a contract with someone else.Check the date on your contract or you can go to the courthouse for that info.  I have two suggestions....Call the people that have been recommended in this post (people on here usually help each other) ...and look up info on pipeline ROW (right-of-way) as that is also a possibility for any landowner. Hope this helps and good luck, Theresa 

Permalink Reply by M - on September 16, 2015 at 2:23pm

 Not looking to promising. My lease is 9 months over renewal, and they want to pay almost nothing to renew. We are not allowing a pipeline to pass through or have access to the land until a proper contract is agreed to. Getting tired of the games, thinking of having them surrender the expired lease.      - M

Permalink Reply by NightHawk®™ on September 17, 2015 at 10:34am

Any info on wells that have been spudded with the potential to go active? My unit is held by Shell, Sevem 474 off Round Top Rd in Charleston Township just southeast of Wellsboro. Lease is due to expire within the next 6 months.

Permalink Reply by Mike Herceg on January 19, 2016 at 10:25am
You should always request surrender of lease when it expires they should file it with the courthouse in the county
Permalink Reply by Kevin Howe on February 3, 2016 at 9:46am
SWEPI $1000/12.5/10yr in Sabinsville PA area
Permalink Reply by Darrell Weaver on February 3, 2016 at 11:36am

Is this the same Kevin near Plummers farm............?

Permalink Reply by Gary Keeney on September 6, 2016 at 8:29am

There seams to be more interest in the Middlebury area, but so far fairly low numbers and royalties with deductions.  Most people I talk to are holding for better.  Does anyone know of any recent no deductions leases?

Permalink Reply by Rick on October 5, 2016 at 8:28am

Gary, I am told that a "No Deductions" lease from Shell is an absolute deal breaker.  However, they are flexible on the $/acre, royalty percentage, and the term of the lease.  The Pugh clause they use is also negotiable.

Would love to hear if anyone else is being told otherwise.

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