Daniel - Where is your acreage? Also, please make sure your lease from Snyder does not involve a long wait before they're obligated to pay your lease bonus. It is thought that they may be speculating on acreage... that is, they may be signing up landowners for little or no up-front money in the hope that they can turn a large block to an area operator.
JK, we have 174 acres in Benezette Twp. and are well aware of the monopoly games being played in this industry...also, we are trying to secure a direct deal with EQT, but believe they may be acting as a wholesaler with us only to make more money with an O&G company at a later date.Howard drilling is shopping their 127,000 acres and should have the deal done by 9/14/10. We have a conference call with EQT on 9/22/10 to hear their offer...they have all the parcels around us under lease.
I have property in Elk Co. near the East Branch Dam (Jones Township) it's north of St. Marys and Ridgway. I was wondering if your property was located near mine. I'm looking for the best lease deal I can get and the offer you mentioned sounds really good. I will be contacting Synder Bros to see what they will offer to lease my land. Thanks, Eric Flor
JK Fowler
Sep 7, 2010
Daniel Rupert
Sep 7, 2010
Eric Flor
Sep 12, 2010