Signing with Big companies vs. Small independants.... food for thought...
I have 400 acres total, divided into 2 seperate locations. I signed 1 lease with a big company and the other half with a small independant. The bigger company is still yet to pay me the initial bonus and it is hard to get in contact with them. The independent has been in contact with me throughout the process, and I just recieved my hefty check. The bigger company says they might not even drill my land after all! They have hundreds of thousands of acres and my land is just a dot on their screen. What are the chances they drill my 200 acres out of the 500,000 + they have? Practically zero. The smaller independent is planning 3 wells by the end of this year already and they say the royalty checks will be steady for the next 20 years. Just thought I'd give you all a first hand experience of these two cases. I just wish I had this info prior to signing with a high profiled company. Their both great companies, but I'd definately go with the closer relationship with a smaller independent. Thats just my two cents though. Good luck everybody! I'm sure we'll all be fine!
Elexco represented different companies in different parts of the state and was also taking leases in their name for 2-3 years. I guess since I saw a company listed with only 7-8000 acres leased I was surprised not to see 2 that I know had 100,000+ acres leased quite some time ago. Unless someone is saying they have disposed of their holdings, which I was not aware of.
on your poll you don't list SouthWestern Energy who has been leasing in NE PA for 2.5 years. Also, do mean Elexco in your list or is there a company, EXCO, as you have listed? Again, Elexco is a company that has been there leasing for 2-3 years.
Houston Based Petron Industries to start working with several Operating companies in the Marcellus Shale area and we are looking for sales leads. Like your site I think it will really be a big thing in the years to come. Visit us at www.petronworld.com
Hello Keith, This Marcellus Shale is a big thing going on. I have to say i have alot of questions but i cant seem to find the answers to them. I live in Worcester NY and it is all the talk. But no one seems to know if we are going to be part of this. Can you tell me where i can find a map showing me where in our county there might be shale? And any other information you can think of, so that i can be "Shale Informed." Thank you again for all your wonderful information on your site, i have alot of reading to do.
I apologize, I thought the site was ment for the free exchange of information.
I read other posts looking for work, does that fall within your realm of acceptable content.
Not sure what you mean by fishy? Still in negotiations with a company at present. Not really sure how imminant any drilling is in our area?
At 1:19pm on February 27, 2009, Ron Erickson said…
Thanks for the Welcome note - Question though - on the 'user page' how do I get the imported links to actually be hyperlinks rather than just palin test - do I have to apply the html wrapper with it?? Ron
Hello Keith- I am an attorney with offices in Vestal ny and have been actively involoved in lease negotiations for many property owners in NY and to a lesser extent in Pa. I have recently been talking to ( three times)the president of a large privately owned oil and gas exploration company out west . He is interested in talking to either coalitions of property owners in Susquehanna county or individual property owners who own fairly large tracts in that county. Do u have any information about Susquehanna county coalitions or a website I can go to to get that information. thanks alan Zalbowitz
I am glad to have found this site. I have land in Northeast Pa. I am hoping for things to get better so I can find a good co and lease my land. I also have two neighbors with some land willing to go with me on a lease. I love the land and have managed it for the hunting and wildlife since 1990. With funds from a lease I could do so much to improve my land and habitat for wildlife. Hope it happens soon.
Please tell me why a question like "Give us a synopsis of your last encounter with a landman" would be asked, unless to ignite (or throw fuel on) a "controversy" that shouldn't even exist. Kieth, please, amateurism has no place in business. Let's not "blog" this opportunity to death with pseudo-controversies. Those of us who really are professionals in the energy industry should aspire to act responsibly and professionally for the good of all involved... the "energy industry" mineral (as well as surface) owners and a nation that desperately needs responsible development of its energy resources at this time more than ever. Let's all do our part, responsibly and sensibly. O. K.? A grateful nation will thank us.
At 3:09pm on February 17, 2009, andrew solis said…
Thanks...I joined because I am building and installing gas plants for Atlas in Pennsylvania and Tennessee and looking to expand our services with other operators...I hope this site will help....
Hi Keith, I was glad to find your site, I have found it very informational. We don't have any activity in our immediate area. I was wondering if there is a website that lists the proposed future sites????
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I have 400 acres total, divided into 2 seperate locations. I signed 1 lease with a big company and the other half with a small independant. The bigger company is still yet to pay me the initial bonus and it is hard to get in contact with them. The independent has been in contact with me throughout the process, and I just recieved my hefty check. The bigger company says they might not even drill my land after all! They have hundreds of thousands of acres and my land is just a dot on their screen. What are the chances they drill my 200 acres out of the 500,000 + they have? Practically zero. The smaller independent is planning 3 wells by the end of this year already and they say the royalty checks will be steady for the next 20 years. Just thought I'd give you all a first hand experience of these two cases. I just wish I had this info prior to signing with a high profiled company. Their both great companies, but I'd definately go with the closer relationship with a smaller independent. Thats just my two cents though. Good luck everybody! I'm sure we'll all be fine!
on your poll you don't list SouthWestern Energy who has been leasing in NE PA for 2.5 years. Also, do mean Elexco in your list or is there a company, EXCO, as you have listed? Again, Elexco is a company that has been there leasing for 2-3 years.
Ron
I apologize, I thought the site was ment for the free exchange of information.
I read other posts looking for work, does that fall within your realm of acceptable content.
Regards,
Al
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