"They want (post production cuts) expenses for transportation and refining deducted from your wellhead price and these expenses have nothing to do with the wellhead price. The refined product sells for a much higher price. Get smart and get an…"
"Do away with post production cuts because they have nothing to do with the wellhead price. These expenses are for transportation and refining which brings a much higher price than the wellhead price."
"1/8 is about 12.5%. Ask for 18% royalty with no post production costs. Why should you pay for transportation and refining when you are only getting the wellhead price?? Great Lakes Energy once told me that they were paying from $2000-$8000 per acre…"
"Great idea. They want to lease Marcellus + Utica which should be double the bonus. Also ask for no post production costs. Why should you pay for transportation and refining when you only get the wellhead price??"
"Good advice. I know of a couple cases where they offer you same deal as neighbor providing you request same. But get with other landowners as a negotiating unit if possible. Signing bonus of $7500+/acre if leasing both Marcellus and Utica+ $0.80…"
"EQT is starting to lease Jackson Twp. Lowball offers. Must get an attorney to negotiate a fair lease. Also dont accept post production cuts. Why pay for any refining and transportation when you are only getting the wellhead price?"
"The $2500 paid for an attorney could save you a $half million. Some leases allow 3 years to drill a producing well. If that well is not drilled, they pay $1000 per acre rent for the 4th year and again the 5th year. That is an inducement not to lock…"
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 ]