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Permalink Reply by edward joseph luther jr. on August 3, 2011 at 8:28am

No but other leasors have paid that amount and even more. As high as $3750 per acer for ten years.

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Permalink Reply by matthew h mcsparren on August 3, 2011 at 10:09am

I have talked to Mid- Atlantic about depth restrictions, was told told to e-mail changes for them to review.

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Permalink Reply by edward joseph luther jr. on August 3, 2011 at 10:41am

I know nothing about Mid-Atlantic but I do know leasing. Do you recall Range Resources trying to extend leases that rain out by enrering on the property. Even without a permit. I caught it on Mrcellus but where and when. You can lease varios sands and levels.

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Permalink Reply by Interested Party on August 4, 2011 at 1:15pm

Robert,

I think you might be talking about Mid-Atlantic Land Services LLC (not an oil & gas producer) that is being discussed in the link below?

 

http://gomarcellusshale.com/forum/topics/synopsis-of-tri-county-land

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Permalink Reply by scott austin on August 4, 2011 at 2:03pm

Yes, I signed the lease with changes made by my lawyer, to become very land owner friendly. 2,500 (5 & 5 years) an acre, 15% royalty at market value after cost production. It is no longer with Mid-Atlantic it is Tri-Energy. 180 days to pay. Gibson says only 60 days.

 

Scott Austin

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Permalink Reply by matthew h mcsparren on August 4, 2011 at 2:10pm

can you share what changes were made? thanks

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Permalink Reply by scott austin on August 4, 2011 at 2:24pm

What I can remember, Utica and Marcellus only,  no warrant of minerals, liability clause, non disturbance clause, better offer reworded, royalties changed to 1280 unit size, what I can recall. I added the addendum

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