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?
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 ]