Replies to This Discussion

Permalink Reply by Francis L. Warder, Jr. on October 26, 2009 at 9:13am

Yes. What company are you dealing with and what terms have they offered you?

Permalink Reply by John DeResto on December 17, 2009 at 4:07pm

Had offer made to me. I believe the offer was $766.00 to lease 46 acres for 7 years with a 3 year extension option. Royalties of 1/8 of net amount. Does this sound like similar offers made to anyone? Thanks

Permalink Reply by Jeff Miller on January 19, 2010 at 8:24am

What company made you that offer?

Permalink Reply by S S C on January 14, 2010 at 4:16am

I have seen offers much higher than that recently.

Permalink Reply by Mark Mercer on July 8, 2010 at 5:55pm

$1800 per acre/18% net of expenses, a partial share of 100 acres of the old family farm subsurface rights, out past Roberts Ridge, as of February 2010, from Chesapeake. Negotiated it up to $2400 per acre/18.75% of the gross at the wellhead without any deductions, in late April and signed at that. Was able to get Pugh clause, surface owner indemnification, and no-storage clauses at that rate. Also "oil and gas only" clause, "marcellus formation only" clause so if they find anything else they want or in the future go deeper, they've got to negotiate a new deal entirely with me.

5 years with option for 5 more. I got them to take out the clause where they can sit on it for $5/acre/year essentially as long as they want. Put a 2-year cap on that, then if they still don't want to renew at full price, rights revert to me.

Took a bit of horse-trading. But the landman was a decent guy once we understood each other.

Waiting on the 120-days title search to get my bonus check.

Permalink Reply by Hal Whitlatch on March 23, 2012 at 6:48am

Mark,

Did you get your check yet?

Permalink Reply by marcellusinvictus on February 1, 2012 at 3:43am

Does anyone have any recent offers or lease details they can share for Marshall Co. south of Moundsville? 
Anyone here actually sign a lease with Gastar?