Hi Mark, Thanks for the info. If you do not mind my asking, who are you leased with and is it for Marcellus or Utica or something shallower? Also, do you know who the Range landman was? We signed a 3-year lease with them several years ago, not for Marcellus, but nothing ever happened with it and it is now over.
I was able to get $3250/acre at 18% from Shell. Addenda include Pugh clause, gross royalties without deduction, and various stipulations about pipeline construction (to be buried), timber, fences, etc. All pretty standard stuff. I don't have a residence there so I don't have the same concerns as someone who would have to live next to a well.
Lisa S.
Oct 24, 2011
George Brown
I was able to get $3250/acre at 18% from Shell. Addenda include Pugh clause, gross royalties without deduction, and various stipulations about pipeline construction (to be buried), timber, fences, etc. All pretty standard stuff. I don't have a residence there so I don't have the same concerns as someone who would have to live next to a well.
Dec 15, 2011