I life near Wilcox Pa. and i presently have 72 acres that hunt oil wants to lease.  They offered me 1400 dollars per acre and have not given me a royalty number yet.  I think that 1400 is way to low but I am not sure what to ask.  Neither am i sure about what to as for royalty price.

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Comment by Tinamarie S on May 10, 2011 at 11:13am

Donald,

 

I am in Columbiana County,   I have a non-drilling parcel, which means under 5 Acres.   Should I also not settle for less that 5000 and 18%.   Word on the street,   these leases are going for 3500 to 4000 and 15% royality   however there is a land group around me that formed and I was too late but I sit right in the middle.   What do you think or anyone else?

Comment by Mike Flor on April 22, 2011 at 2:59pm

Don, I have property also in the same area and would be interested in your contact information from Hunt Oil .  Can you email me @ ktflor@nep.net

Thanks Mike

Comment by jb379 on April 22, 2011 at 8:55am

Do your homework on your area.  Different areas obviously command different prices.  What are neighbors signing for and how many are actually getting paid.  Also, see what type of wells are being drilled in your neck of the woods.  I believe a company drilled a handful of marcellus wells in your neck of the woods that have been plugged.  If that is the case, I am afraid Guy's advice may not serve you well.  All of the money is in the deep rights hoping the marcellus and utica hit it big.  Just my 2 cents.  Good luck with your endeavor!

 

JB

Comment by Guy Smith on April 18, 2011 at 1:31pm
I wouldnt start talking to anyone until $4000/18%
Comment by Donald Lynn Thornton on April 17, 2011 at 8:14pm
any help would be appreciated

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