Brianh
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Belmont county S/G lease renewal

Started this discussion. Last reply by Belmont Terrier Jan 3. 11 Replies

Our lease was originally with Rice in 2012 They sold to Gulfport a couple of years ago. Gulfport has exercised their option to renew the original 5 year lease. Best Case

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Belmont Terrier replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Ben, I was referring to the Smith/Goshen township landowner group lease."
Jan 3
Ben Jamison replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Who is S/G?"
Jan 3
Belmont Terrier replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Scott72, Congratulations on the good fortune! My family also received a lease extension payment from Rice Energy right before the holiday. It was nice to have the S/G lease still active and not have to negotiate a new O/G lease. …"
Jan 3
Scott72 replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Check came in the mail Yesterday.  Great start to 2018."
Jan 3
Scott72 replied to Brianh's discussion 'Belmont county S/G lease renewal'
"The property is in northern Richland Township.  I'll post any updates that become available."
Oct 23, 2017
Belmont Terrier replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Thanks for the information, I hope that your mother receives a 2nd lease payment!"
Oct 23, 2017
Scott72 replied to Brianh's discussion 'Belmont county S/G lease renewal'
"1/21/13"
Oct 23, 2017
Brianh replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Our lease was dated 11/30 and Gulfport renewed with a check $$$"
Oct 23, 2017
Belmont Terrier replied to Brianh's discussion 'Belmont county S/G lease renewal'
"Scott72, I believe the Rice Energy "Renewal" letters are just a formality as required by the original lease.  We also received a letter, but I believe Rice is simply keeping the option to renew open with no guarantee that…"
Oct 23, 2017
Scott72 replied to Brianh's discussion 'Belmont county S/G lease renewal'
"My Mom received a letter from Rice Energy stating their intention to extend the primary term of her 2013 lease in Belmont county."
Oct 23, 2017

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At 5:05pm on September 6, 2017, Dan Laney said…

Hi BrianH -  my family also leased our land in 2012 - across the state line in PA - I am encouraged to hear that your lease is going to renew for another 5 year term.  How close to the renewal date did you hear something from them? 30 days?  or more?  or less?   Thanks!  - Dan

 
 
 

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