Comment

Comment by Tim Woodburn on March 7, 2016 at 6:26am

Two other family members and I, owners of mineral rights on 70 acres in Tyler County, have received a notice from JB, our Lessee, that they have drilled a well that affects our parcel.

Before we sign the Division Order they sent, are there any questions we should be asking them? It would seem like we are pretty much constrained to the conditions of the lease at this point.

Comment by Kyle Nuttall on March 4, 2016 at 9:01am

DM, my idea of value for a mineral acre is way out of line with what companies seem to be willing to pay.  I wouldn't let something go for less than $6,000 per acre, especially considering that there's both Utica and Marcellus to be developed in Tyler.  Finding a company willing to pay that seems to be a challenge, though.  If your net acres are close to the gross acres, then maybe you can get considerably more.  I haven't had the chance to work with someone who has a large net to gross ratio yet, though.

Comment by DM on March 3, 2016 at 11:48am

Kyle. . any handle on value if you are selling acres. . old HBP lease about 100 a month in income in Tyler . . I think union district. . i belive its at 1/8th  about 17 net acres. . 

Thanks!

Comment by William Dotson on March 3, 2016 at 11:47am

Thanx Kyle

Comment by Kyle Nuttall on March 3, 2016 at 11:10am

William Dotson, the bonus rate they've been offering has been going down lately, and I haven't seen a lease from Tyler in a couple of months, but the last offer I saw was for $3,500/acre.  I did see a lease offer for $3,500/acre in Pleasants County the other day, from JayBee.  15% royalty.  If the folks hire me to negotiate for them I'm going to be asking for more, of course.  I had heard that Antero wasn't taking leases in Tyler any more, but JayBee, Statoil, and EQT should still be operating there.

Comment by William Dotson on March 3, 2016 at 9:52am

Anyone know what the current bonus rate is per acre for Tyler Co. acreage?

Comment by flyingls on February 20, 2015 at 1:13pm

If you register on the link Dan posted, they send you an email when permits are approved. They posted the Statoil permit yesterday.

Comment by Bob Donaghy on February 20, 2015 at 11:08am

Dan Warner If you don't mind telling me, how did you learn of the permit so quickly?

Comment by Dan Warner on February 20, 2015 at 5:23am

Statoil was just granted permits for wells on Gorrels Run on 2/18/2015:

http://alerts.skytruth.org/report/ff4eaf80-e7a9-3527-a7c4-b9879cb56...

Comment by Dolly Lama on January 24, 2015 at 7:38am

Thank you Jacob. I had a hunch it was "hurry up and wait". Statoil may have  just wanted to lease our land to play "Let's Make A Deal" with another company.

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