does anyone know what a fair lease bonus/royalty rate would be in Westmoreland County, PA? My grandmother owns about 50 acres out there & has been approached by Atlas (Chevron)
Any help would be greatly appreciated.
Some people have received more than 15% royalty. I received more with no deductions. Not with Chevron, but still in Westmoreland county. The going rates for Westmoreland County were $2500/acre a little over a year ago. Maybe they have decreased. Like you said, it really depends on the location.