Ralph W. McGeary
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Introduce Yourself
I have been approched with a lease offer of $50.00 per acre per year and 12% of net.
I under stand from my attorney that that should be increased to $100.00 per acre and 16% of gross.
cmments welcome
What is your role?
Landowner
Which state(s) are you following?
Ohio

Ralph W. McGeary's Blog

Looking for information

Posted on December 9, 2010 at 6:54am 2 Comments

Looking for information from others in southern part of Belmont Co. Ohio about there experience with drilling gas wells.

One of the companies that approched me was OHTEX energy, They have a satilite office in St. Clairville Oh. and is base out of Texas. I fell they are trying to take advanage of me by low balling my contract offer. They offered me $50.00 a acre on a lease and 12% of the net per year. My attorney said that it is to low that they can and will pay alot more.

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