"Actually, the thousands of dollars per acre paid in years past is never coming back. It began with Chesapeake Energy and spread as others sought to play the shale game and had to keep up. Chesapeake's founder and former CEO crashed his SUV into…"
"If you have representation have them check wording; but tell energy co that you want % of GROSS not as others have replied, they are getting % of NET. I cannot explain in quick reply but that is the only option, if no GROSS tell them to hike, unless…"
"Franklin and Stock Twp Actually contacted by DPS Land Svcs on behalf of EAP, LLC. It was a simple one page letter we had to sign. When asked he stated it was a continuation of the prior lease agreement just less per acre and longer (adding an…"
"Just FYI, Encino is taking 95% + percent deductions off of royalty statements, so you won't get anything near your 20%. Before you sign anything, take it to a good lawyer to make sure you have strong language regarding deductions. …"
"I know the company well, Its Encino Energy going by EAP Ohio. It's not in their budget to pay big money for leases right now. This is happening all over the Appalachian Basin. Your better holding off for right now. "
"Yes! So we leased two years ago $2000 acre/%20 royalty. We were approached to renew the lease at same terms of contract (extended from 2 to 3 years) but $1200 acre. We replied back we wanted to stick to at least the old lease agreement and we were…"
"So we leased two years ago $2000 acres/%20 royalty. We were approached to renew the lease at same terms of contract but $1200 acre. We replied back we wanted to stick to at least the old lease agreement and were told to think it over because they…"
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 ]