Terry W.'s Blog (2)

Lease Offer - Northern Butler County - Venango Township

Signed Lease for Marcellus Only, $2,500.00 per acre, 15%, 7 years.

Many addendums to boiler plate.

Believe a good offer, especially since nothing else in the area, and at the present no infostructure.  I see that as a reason for the 7 years.   

Added by Terry W. on March 17, 2011 at 10:24am — 8 Comments

Landowners Group

Just signed up with a landowners group to represent the group for the best deal.

As they explained, they will present to the gas companies interested and see

what offers they get.

The only connection that they have is a 15% cut of the landowners $....nothing

else...They will get the group together for a question/answer session, and get

a contract and go from there.

They are optomistic for $3800.00 an acre over 5 years and whatever for royalties.

Added by Terry W. on February 17, 2010 at 10:31pm — 3 Comments

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