What are new leases or renewals in Belmont County/Somerset Twp getting currently?
Our family's lease is up for renewal at the end of 2017. Eclipse is trying to negotiate early and offered $1260/acre signing bonus guaranteed for 2 years. If no drilling after 2 years, bonus of $1260/acre for each year after not unitized/drilled (up to 5 years total).
My family recognizes the market has changed, but…
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What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]