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Jefferson County, OH leasing

Started this discussion. Last reply by Mark Patrick Jan 2. 66 Replies

According to Marcellus Drilling News, people in Jefferson County, OH are getting offers as high as $6000/acre and 20% for leases with Ascent and Gulfport.  These numbers are impressive and…Continue

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Latest Activity

G.H. replied to Jeff Kerr's discussion 'EQT AND ROYALTIES'
"Nancy's evaluation sounds right. Most older leases cover all depths, so the deeper formations were probably assigned by the company that has the shallow well. If that is right, terms of the original lease control the deeper formations as well.…"
Oct 4
G.H. replied to Walt's discussion 'Eclipse’s exit plan'
"Walt, my guess is there is nothing you can do. Sounds like you did not sign a paid up lease, but a delay rental lease. Under a delay rental lease they can choose to continue the lease by making an annual payment for your agreed-upon $ amount and…"
Aug 31
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"Thanks for your input.  Always good to get some info from someone who's worked on these wells."
Aug 2
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"I would agree with that right now for sure, but maybe in the future it will be used.  Right now, as you say, I am sure they are concentrating their time and resources on locking up as much of the acreage they have under lease as possible."
Aug 2
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"Thanks for the info.  I'm not gonna pretend I understand 100% of what you're saying, but I get a lot of it haha.  Sounds like you have a lot of knowledge of drilling methods."
Aug 2
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"I have heard that these companies, if they want to, can go back and refrack a lot of these wells and obtain production numbers close to the original production.  I am yet to see that reflected in my royalties as far as I know, but I hope to see…"
Jul 31
G.H. replied to william george allison's discussion 'division orders'
"I thought they did but I guess each company does it differently.  I have received royalties from some companies without having first sent the division orders."
Jul 26
G.H. replied to william george allison's discussion 'division orders'
"I get them regular mail.  They usually come either around the same time as first royalty payments or sometime prior to first payment."
Jul 25
G.H. replied to crazy cat woman-+'s discussion 'A quick question about division orders.'
"If they are different units you should receive another division order.  If they are in the same unit I would think you'd still receive another division order if the new well was not part of the original division order, but I am not certain."
Jul 25
G.H. replied to Joe's discussion 'Help with royalty rights in Greene County PA'
"Correct, it is hard to know exactly what you could get for it without actually knowing what you own, but a price of $2500 per acre seems low.  The 30 days could be a pressure tactic, but it could also be because the company would want to…"
Jun 6
G.H. replied to Marci Feustel's discussion 'Help'
"That response from the broker is laughable.  If you aren't going to be able to lease it to anyone, why do they want to buy it?"
May 23
G.H. replied to Chris Shaleman's discussion 'Ball park for mineral value regarding selling MR's'
"David, I don't really disagree with your points of view.  I agree, with the caveats that sure money today is worth more to some people than "maybe" money in the next few decades, there is always a slight chance that your property…"
Mar 11
G.H. replied to Chris Shaleman's discussion 'Ball park for mineral value regarding selling MR's'
"I agree with you Deutchen, to not even consider selling (for the right price) is, to me, foolish.  If you consider it and then come to the conclusion that it's not for you, then that is one thing.  Tossing aside a GOOD offer without…"
Mar 9
G.H. replied to Donald K. Taber's discussion 'Lessee Payments'
"It's common to add an addendum to amend the royalty.  I believe it's so that they don't have to go through and change the full document every time.  They are proposing to pay you 15%.  There are usually two options,…"
Mar 6
G.H. replied to Donald's discussion 'lease over lease, has anyone done this?'
"As others have said, yes, you can do it.  If the original lease is still in effect it will be considered a top lease, to take effect when the original lease has expired.  The question is whether the underlying lease/original lease is still…"
Jan 29
Mark Patrick replied to G.H.'s discussion 'Jefferson County, OH leasing'
"Sounds like you got a pretty good deal! I am hoping to get an offer soon in Hanover twp.Washington county Pa. It seems as if activity is on the upswing in our area. It is not very far to Jefferson county Ohio either.It is strange how companies do…"
Jan 2

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