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AboutWhat 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 ] |
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Comment Wall (6 comments)
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Bernie,
Have you done anything concerning leasing yet? I have some new information that may interest you.
I spoke with Jeff Bailey today from the non-profit group ALOV that was so successful in April with their 60,000 acre lease of land in Columbiana, Carroll, Jefferson , Mahoning ,Stark, Tuscarawas,and Harrison Counties that was signed with Chesapeake. This was a $2250/acre, 17.5% Gross Proceeds royalty that was very landowner friendly. They are gathering landowner names/contact info to start a Belmont county group. This might be a good chance for us in Belmont to get a lease written for the benefit of us landowners and not the oil companies or middlemen. Their website is below.
http://alov.us/home.html
If you are interested, please send me a message here http://gomarcellusshale.com/profile/Finnbear
Bernie,
Where in Belmont county is your land located?
Finnbear
Bernie,
Have you taken any action on your offer, and if I may ask with whom.
Ron
Bernie,
Don't learn the hard way, as other have, who were not fimilar with the tactics these fellows use. One of the misleading elements is a $2,000 per acre lease.
If it is a 5 year lease, make sure your will receive that amount each year.
Most of the time the $ amount per acre is divided by the term of the lease.
EXAMPLE:
$2,000.00 divided by 5 equals $400.00 per acre PER YEAR!!!!
At $400.00 per acre you will receive $28,000 a year.
My advise is to make sure you have clear title to the mineral rights and then spend some of the $28,000 before you get it on lawyer fees.
Beleive me, it's the only way to deal with these FELLOWS !!!
This is one of the simpilist misleading variables of a llease.