Sumer Dawn
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120 Days to Pay: Ascent Resources Lease Belmont County

Started this discussion. Last reply by G.H. Nov 11, 2019. 24 Replies

I have signed a lease with Ascent Resources for my property in Ohio.  The order of payment says 120 days to pay.  Does anyone know if they pay early or if they will take the whole 120 days?  Just…Continue

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G.H. replied to Sumer Dawn's discussion '120 Days to Pay: Ascent Resources Lease Belmont County'
"They will most likely take the whole 120 days.  It is typically business days, but perhaps your lease is different and says calendar days, you just need to read it.  I suppose they could pay you early if they want to drill ASAP, I actually…"
Nov 11, 2019
Sabreena replied to Sumer Dawn's discussion '120 Days to Pay: Ascent Resources Lease Belmont County'
"This is my 3rd round of signing in 8 year period.  3 different companies none of which were signed on the fender of a pickup. :)  Both previous companies gave 90 days and paid within 60.  Was just curious if Ascent followed the same…"
Nov 10, 2019
OhHenree replied to Sumer Dawn's discussion '120 Days to Pay: Ascent Resources Lease Belmont County'
"If you know finance, it will be 120 days, probably to the minute. A company will hold funds to collect interest on it. It is saddening that most leases are presented on the fender if a pickup. That was my experience and it is why no lease was…"
Nov 9, 2019
vic wallace replied to Sumer Dawn's discussion '120 Days to Pay: Ascent Resources Lease Belmont County'
"I have been pleased with Ascent.  They have paid on time and the correct amount.  My small acreage is in Richland township."
Nov 9, 2019
Sabreena replied to Sumer Dawn's discussion '120 Days to Pay: Ascent Resources Lease Belmont County'
"Sumer Dawn, I recently signed with Ascent and I am curious as to if you received payment from Ascent Resources and did they take the full 120 days, whether it be business or calendar days?   Thanks!"
Nov 8, 2019

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Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus, Utica

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