Has anyone heard any results from the Snyder Leasehold Sale (Armstrong, Butler, etc. counties)?  Our group became part of it (400,000 + acres total), and signed leases, but no information as yet.  I think we were supposed to hear something by Sept. 8.

 

A couple of weeks ago, landowners in our area (Butler County) began receiving offers from a landsman representing Shell.  $3,000.00 per acre + 15% royalties.  But since most of us are locked into the Snyder deal, we can't sign leases with another company until our Snyder leases are either accepted or rejected by the companies bidding on them.

 

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Comment by DONALD B RODGERS on November 11, 2011 at 11:21am

Does anyone have the contact info for the Shell Landman?

Comment by THOMAS D SHAFFER on October 11, 2011 at 9:59pm
CANT move on untill the marketeing contract is up,,if no money by 12/31/2011 then you caqn get out. thats how i understand it
Comment by CJ on October 11, 2011 at 9:50pm
Yep -- that's what I'm hearing as well.
Comment by CJ on October 1, 2011 at 4:01pm

Thanks for your comments, Tomcats & Janice.  Where is the ABC landowner group located and meet?  What part of Butler County does it involve?  The Snyder deal had all the leases (about 400,000 acres) put on the International market by the Royal Bank of Canada as an entire package, the way I understood it.  However, also the way I understood it, was that each lease could be accepted or rejected individually.  Started at $4,000.00 per acre, but could go higher depending on the bidding.  Royalties are 15% net.

 

 

Comment by tomcats58 on October 1, 2011 at 2:32pm
From what the legal community is saying, the best real leases signed so far in Butler County seem to have come via the ABC landowner group who leased some of their acres with XTO/Exxon. roughly 4k per acre and 18% with great landowner lease language. Seems the Shell lease verbiage is mostly boiler plate and lacking all signs of pugh clauses and other critical clauses. It also has a catch all company paragraph that allows them to do pretty much anything they want on your property.

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