melinda golden
  • Female
  • Clarksburg, WV
  • United States
  • Landowner, Concerned Citizen

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XTO states that I only have 1/40 of a share of my Great Grandparents property & I want to know how they come up with the 1/40 when all the Great Grandparent's children are now deceased & the next in l

Started this discussion. Last reply by melinda golden Jun 6, 2011. 6 Replies

XTO is saying that we only get .821875 of an acre. There are 22 leases to be signed. As far as i know there is only 8 direct heirs as my Dad would have been, so that leaves 14 other heirs in the same…Continue

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Introduce Yourself
HEADACHE ~ XTO energy approached me in April about leasing acreage on my Grandparent's property & the landman is a REAL JERK & I need the facts before Isign anything !
What is your role?
Landowner, Concerned Citizen
Which state(s) are you following?
West Virginia
What shale plays do you follow?
Marcellus, Utica

Melinda golden's Blog

xto energy

Posted on June 6, 2011 at 12:09am 0 Comments

Is anyone dealing with xto for drilling ? If so can you elaborate on your experience with them ?  THANK YOU

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At 6:24am on July 11, 2011, Laura Luchuck said…
XTO is known for trying to fool people! Acreage in Harrison and Wetzel County WV are going for 1000-1500 per acre and 14.5 to 18% royaltys. They play us for dumb hillbilly's...they're going to get rich of the landowners. I'm not resigning with them when my lease runs out on July 20th, they're only offering a 500 per acre and 12.5% Royalties. I work for an oil and gas company and and the royalty percentage is going to be where your profit comes from.

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