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.
Comment
Does anyone have the contact info for the Shell Landman?
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.
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