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Curious going rate per acre for new lease agreement

Started this discussion. Last reply by PA Joe Apr 19. 18 Replies

Offer in Deersville area was $800 less per acre. Curious going rate right now for this area.  Thank you.   Continue

RT 799 - Clendening

Started May 24, 2018 0 Replies

Any news on what is going on with the pad on 799?Continue

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Latest Activity

Nicole replied to ray schmidt's discussion 'any activity in harrison county???' in the group Harrison County, OH
"Seems like Luyster well is moving along pretty steadily. Not sure which phase they are on?"
May 18
PA Joe replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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…"
Apr 19
JOHN replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"Off of Beaver Dam Road.  $3500 an acre,  17.5% GROSS and a much better lease than EAP is offering"
Apr 13
Nicole replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"My email is Nickyrb@sbcglobal.net -it’s hard to send lengthy replies on this page. Thank you OhHenree!"
Apr 13
OhHenree replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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…"
Apr 12
Brianh replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"We renewed 68a in Belmont/Pultney with Gulfport 2018 at $6200."
Apr 11
ray schmidt replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"sorry the well is on adams road not long road.we got our first royalty check this month.no deductions!! we have a.l.o.v. lease"
Apr 11
Nicole replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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…"
Apr 10
Nicole replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"Wow. Good info. Thank you so much."
Apr 10
JC2550 replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"Ray, After looking at the Ohio ODNR viewer, There is a producing unit along Long Road. It's called the AKERS Unit drilled by EAP Ohio.  Nicole, is this were your located??"
Apr 10
Joe Bezel replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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. …"
Apr 10
ray schmidt replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"i was in same boat last year.said same as you did because lease was about to expire. they ended up giving us the original rate. btw well is just outside of deersville on long road."
Apr 10
JC2550 replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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. "
Apr 10
JC2550 replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"Did you sign a lease with an option to extend for the same terms?"
Apr 10
Nicole replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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…"
Apr 10
Nicole replied to Nicole's discussion 'Curious going rate per acre for new lease agreement'
"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…"
Apr 10

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