Mary, Chesapeake is making the $1000 offer to several residences on Hornbeck and the 4-H camp road right now. Their standard lease is very much written in Gas & Oil company favor, so you definately want to get a good attorney to review before signing anything. For instance, if you decide to sign, it's in your best interest to get as short a lease (2-3 years if you can, definately not auto-renew after 5 years) as the prices and terms will change over time. You definately do NOT want to sign a 5-year automatic renewal--that will get you in trouble down the line. I know there are people in your neighborhood currently negotiating more than $1000, and I also recently heard of someone in Mon County who got a $4000/acre lease. I have talked to several neighbors in your area and can fill you in on who is signing and who isn't if you're interested--I left you a voice mail to call me if you want more info.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]