Updated November 8, 2011
This webpage is a little over a year old. During this time frame oil and gas leasing
offers have increased significantly.
As of November 8, 2011 the signing bonus has increased to $5350-$5800 with the royalty percentage at 20 % gross. Leases are being signed by several companies. The best lease terms are being realized by the landowner groups that offer their acreage through a competitive bidding process. I personally believe the money offers will continue to increase with time. The highest offers occur when landowners pool their land into contiguous units.
Presumably, all are aware that Chesapeake recently leveraged 25% of their leaseholds in
Eastern Ohio for $15,000 per acre by forming a JV with an undisclosed oil major.
Tags:
Does anyone have a local contact at Gulfport that i can speak with?
You can email me at stan.glover@yahoo.com.
Thanks
Cinco is an Energy Service Company that specializes in GIS maping of hydrocarbons. For further detail go to:
The best way to get an answer to that question is to ask them when they call. That said, they are probably compiling a database for a client oil and gas company seeking leases in the area. Getting the information from the landowner is significantly easier than going to the court house!
Generally speaking,
by having a service like Cinco contacting land owners who have not signed is probably a good indication that someone is interested in your gas/oil rights. The more competition by the interested parties the better the leases and signing bonuses. As many on this site have said, it could get interesting.
Rod, please see my comments below. You will note that the announcement of your meeting was not deleted from the webpage because it was an initiative that did not have a profit motive. For the record, I had talked to JRM about information being posted on this webpage and specifically mentioned what was appropriate. This was some time ago and before his posts were deleted by the site publisher.
As an aside, someone should have answered dan a carson's question regarding your meeting.Noted, but the question was “is the meeting open to the public”. Perhaps Dan wanted to confirm that there was no fee for attending. Also, I see you have an unanswered question from ray schmidt about your meeting. No one to include myself in getting paid to post. Posting is voluntary and much appreciated by those who come here seeking oil and gas leasing information.
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat 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 ] |
Links |
Copyright © 2017 GoMarcellusShale.com