C. Cromp
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Is Range Drilling?

Posted on March 19, 2010 at 12:20am 0 Comments

Does anyone know if Range is drilling in the Lone Pine area? How do you find out information on when you will start to receive royalties from your land?

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At 8:11pm on June 17, 2009, roy jones said…
Hello. How many acres do you have? I wouldnt sign anything until you see who else is in the area. There are many ways to structure a deal on acreage and every company is likely to go at it a different way. I have signed with companies who havent drilled a well on my land, which is very dissapointing, and you don't want to fall into this. Get a strong idea of the drilling plan of Range, and the other companies in Washington and then make a decision. I've had some experience dealing with landowners in North Dakota who have signed with large companies who are still waiting on a well, 3 years later. Often times these large companies have slower turn around times to drilling (and your subsequent royalties) due to complexities and formalizations in their business. A private company may only have a handful of people to okay the drilling of your property, and they tend to have similar results to larger corperations. I may be old, but I'm old and wise! (through my unfortunate mistakes in the past, haha) How many acres do you have?
At 10:35pm on June 16, 2009, C. Cromp said…
Washington Co./ Amwell township. The company is Range. They have offerd us one payment of $200.00 per acre for the first year. Also 15% comm.
At 7:42pm on June 16, 2009, roy jones said…
I'd be happy to help. What county/township are you in? Company? Offer? Acreage amount?
At 5:27pm on June 16, 2009, C. Cromp said…
We have an offer to lease our land.......I need HEEELP!!!!!!! I want to know if we got a good offer or not. I cant find any info to compare.
 
 
 

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