James willIams
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James willIams's Discussions

Average post production costs in dry gas area?

Started Oct 2 0 Replies

Can someone please tell me what I can expect post production costs to be on a well in Rostraver Township? I am trying to get a cap on the post production costs and, my landman swears that we are in a…Continue

Current Westmoreland county bonus $ and royalty percentage?

Started this discussion. Last reply by BW_Appalachia Sep 18. 15 Replies

Hello, I’m not very knowledgeable about mineral leases, and, have never really felt the need to educate myself on the matter until now. I was approached by a Landman last week and was informed that…Continue

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James willIams posted a discussion

Average post production costs in dry gas area?

Can someone please tell me what I can expect post production costs to be on a well in Rostraver Township? I am trying to get a cap on the post production costs and, my landman swears that we are in a dry gas area and that the post production costs would be negligible, due to it being “dry” gas. I have been going back and fourth with this landman, who is representing Chevron, for months now. Their initial offer was $1000 an acre and 14%. I have been trying to get 18% with the post production…See More
Oct 2
BW_Appalachia replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Getting a gross lease (no post-production deducts) is more important than the actual royalty percentage.  Consult an oil and gas attorney, and explain that you would only agree to 15% on a gross lease.  He/she should understand your…"
Sep 18
BW_Appalachia replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"I'm sorry, but you're not going to get anything near $7,500/acre in this current environment.  Ten years ago, sure.  Today in the heart of Greene County, possibly.  "
Sep 18
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Thank you"
Sep 16
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Chevron...and I’m in Rostraver township, about 1/2 to 1 mike from the Fayette County line."
Sep 16
farmgas replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"James, which gas company are you working with and where is your location?"
Sep 12
Reservoir dog replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"I'm in northern westmoreland county, near beaver run, and leasing rates from CNX start at $500/ac/year with 15% gross. The leases are structured so that CNX has the option to extend the lease for 9 one year renewals at the bonus rate of…"
Sep 11
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Thank you for the advice. I still have yet to sign but, the landman I have been dealing with has still only offered $1000 and acre bonus and swears that “they” won’t agree to offer more than 15% royalties. He also balked at my…"
Sep 11
Marki Robert ONeill replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Good advice. I know of a couple cases where they offer you same deal as neighbor providing you request same. But get with other landowners as a negotiating unit if possible. Signing bonus of $7500+/acre if leasing both Marcellus and Utica+ $0.80…"
Sep 8
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Thank you very much for the advice. We do have an attorney friend who’s looking the agreement over, and, who is also somewhat familiar with the leasing process. The Landman is pressuring us as we wait to hear back from our attorney friend. I…"
Jul 31
JamesG replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"The cost of legal fees would likely consume a good portion of the the royalty and bonus payment on 1.4 acres . 1.4 acres can easily be drilled around.  Many examples are documented on well permits on the PA DEP web site.  There is no set…"
Jul 30
A discussion started by James willIams was featured

Current Westmoreland county bonus $ and royalty percentage?

Hello, I’m not very knowledgeable about mineral leases, and, have never really felt the need to educate myself on the matter until now. I was approached by a Landman last week and was informed that our 1.4 acres falls within a proposed drill site in Fayette county (our property is in westmoreland). He offered us, what we feel, is a lowball bonus offer and just above the minimum 12 1/2% royalties minus our share of the post production cost. Can someone give me any sound advice on what a fair…See More
Jul 29
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"We do have an attorney looking over the agreement and, we fully realize that there is a lot more at stake than the numbers. In our situation, I’m most concerned with any language that grants them full access to our property, as, there is an…"
Jul 24
Dott replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"James,  It is also a good idea to get a Lawyer involved because there are so many many other terms of a lease that you don't even think about that you can get screwed on even if you just own the O&G rights and not the land.  Even…"
Jul 23
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"Thank you for the advice."
Jul 23
James willIams replied to James willIams's discussion 'Current Westmoreland county bonus $ and royalty percentage?'
"They offered $1000/acre bonus and 14%...minus post production costs. From looking at different forums, and consulting with others who have signed leases, $1000 seems low to us but, I’m not seeing much info on recent leases. I’m also…"
Jul 23

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What is your role?
Landowner
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus

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Those French Fuel Riots and the “Great Wall of Cuomo”

Posted by Thomas J Shepstone on December 3, 2018 at 10:33am 0 Comments

The French fuel riots demonstrate what can happen when ordinary people are denied the basic necessities of life by “let them eat cake” elitists with agendas.

The French Revolution is hardly a thing to be admired,…

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