Hi Bruce, Any figure I've heard from here is much less than I've been hearing from these other people. I don't want to hold out for a rediculous amount, but if the other wells being drilled here turn out to be good ones, that should help. My friend in Pa. had 100 acres and he got a signing bonus of 4000./acre, or 400,000.00, with 20 % royalty. Some people have gotten much more than that.
I have 200 acres. I did get in touch with Chesapeak but they said it might be a few weeks before they get back. It probably wouldn't hurt for you to get in touch with them also. I was hoping to maybe get them before they get finished drilling on the Ronand Layfield farm. I was late to the party too, just was talking to a friend of mine in Pa., signed with a smaller Co., about 2 weeks ago. Martha
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 ]