RdgRnr
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Re-Leasing in Hanover Twp PA (Shale Land Services)

Started this discussion. Last reply by mark Jul 6, 2015. 1 Reply

Can anyone share some recent re-lease figures in northern Washington County?  Shale Land Services is representing Range right now appearantly and coming in with some pressure tactics that's pretty…Continue

 

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What is your role?
Landowner
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus

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At 11:55am on July 7, 2015, Mtneer said…
The attorney we used ended up going to the dark side (gas company). A lot of folks here swear by Smith Butz in Washington County. We had a large group of landowners last go around. We liked bob polander and tim greene (http://www.lmma.com/)...both are experienced consultants. I can personally vouch for Bob. A truly honest and nice guy. They would be worth a call. They are not attorneys but can review your lease and probably recommend one.
At 2:22pm on July 6, 2015, Mtneer said…

Hi RdgRnr,

    I am a resident and have a lease with Range in Hanover, Wash. Co.  I, as well as my neighbors, have a little less than a year left with our lease and have not been contacted by Range/landmen yet. Back then we received a paid up lease of $3500/17.5 with addendums for a straight five year lease.

   I know of an individual in the Raccoon area who has also been contacted and the bonus payment is higher than the old lease but it is not a paid up lease.  My neighbors and I are going to stick together and we are unwilling to take less than the last lease.  If you check Range's website under presentations, you will see that our area is becoming more valuable due to Range having more success with different formations (e.g., Utica, Upper Devonian, etc.), more infrastructure, Range's commitments to pipelines, etc.  Thus, the landman is full of lies when they open their mouths.

    Remember, we made a living before the discovery of this gas...consider it as a bonus, we hit the lottery.  So when Range wants to pressure us to sign now or the trucks are leaving be patient.  They have no problems are giving landowners $100 an acre when others are getting thousands.  Do not forget, depending on the locale of the land, other companies are interested (i.e., Southwestern, Rex, Rice, etc.).  Finally, get your neighbors together and get a lawyer...do not use a company lease.

 
 
 

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