We signed a lease with Phillips in 2007 which was sold 2 years later to Atlas. No drilling has been done to date. The lease is due to expire early next year. We have been contacted by letter and…Continue
"Just spoke to the BOP landman. Edgemarc is putting acquiring new leases in Fairview Township on hold to allow them to have enough money on hand to bid on the REX holdings that are to be auctioned off soon."
"There is very little in a lease that is "non-negotiable". That just means that they don't want to negotiate. Post production costs are indeed negotiable. You may not be able to eliminate them but you can get them…"
"We met with them. Seem very inflexible. Only act in town. Amount one would receive as a royalty is really not known as the 14 percent is a "net" amount subject to post production costs. These costs are also non negotiable."
"Read Line "n" in the Edgemarc Lease, it says BOP employee's are allowed to lie to you all they want, as long as you believe it. Edgemarc don't have to honor anything they say if its not in the lease."
I received a letter from a landman representing BOP interested in discussing a lease on my land (60 acres in Fairview township).I was in a lease with Chevron until last year when they decided not to renew the lease.Has anyone had a lease with Edgemarc or dealings with BOP? Are the good to deal with and does anyone know what they are currently offering in the area for the per acre bonus and royalty?See More
"I did talk to the BOP landman. I received the same offer. He said Edgemarc is targeting specific properties and not wide spread buying as was done in the past. He said Edgemarc has 70 wells drilled in the area and the bonus and royalties offer is…"
We also received a notice from BOP. We have 35 acres in concord Twp. We were wondering if you were to find out any info regarding Edgemarc or BOP? The offer we received is 1750.00 per acre. and 14% with deduction.
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 ]