Replies to This Discussion

Permalink Reply by Bob Thomer on February 1, 2010 at 2:55pm

Marilyn , In Colley . They say there is a well in Colley that they want to get a pipeline to. The pipeline would run into Bradford and Y, Ne and Nw.

Permalink Reply by Jeff on February 19, 2010 at 6:43am

Hi Marilyn,

I was told that it was not a good idea to sign up for the 900 acre pool units. The 640 acre unit is better for the landowners. It's great for the gas companies though. What have you heard?

Permalink Reply by marilyn ascani on April 2, 2010 at 4:41am

I have only heard that 940 acres is better for the gas companies. Dont know the specifics.

Permalink Reply by marilyn ascani on April 8, 2010 at 1:36am

When you do the Royalty calculator, the odds come out better for the landowner in the 640 acre grid. The last Penn State Seminar I went to said that the gas companies are going towards the larger grids. Unfortunately, the landowners dont have control over the grids.

Permalink Reply by marilyn ascani on April 14, 2010 at 8:47am

When you do the hypothetical royalty calculations, the 640 acre plots come out ahead for the landowner.

Permalink Reply by Theodore Barbour on March 24, 2010 at 5:26pm

I just discoved this website tonight and am somewhat new to the Marcellus development in Sullivan county. I own about 100 acres in Hillsgrove township and have not yet leased my land. This week I received a call from a landman representing Chesapeake who has offered $2500/20% or $3000/15% for a 5-year primary with a 5-year option. Can anyone give me feedback as to the financial value of the offers and any other companies in the county who might be currently offering leases?

Permalink Reply by George Gradwell on March 29, 2010 at 2:09pm

We are in Forks Twp and signed with Chief. Our neighbors all signed with Chesapeake though, so I don't even know if Chief is actively seeking property to lease.

Permalink Reply by J. Greg Myers, P.G., P.E. on April 8, 2010 at 4:52am

I would go with the 20% royalty. 5% is a huge increase and the royalities are spread overtime which helps with the tax burden.

Permalink Reply by philip andrews on April 8, 2010 at 12:55pm

GO WITH THE 20% , AND EVEN ASK FOR MORE. 5000.00 AN A. IS EVEN BETTER . YOU CAN BARGAIN WITH THE GAS CO. REMEMBER, THIS IS A CHANE OF A LIFETIME,AND AFTER YOU SIGN THERE'S NO LOOKING BACK.

Permalink Reply by roland (Dave Gilmore) on April 9, 2010 at 11:19am

I am a Landman that has worked your area since before Marcellus got Hot. If you are interested in more information, give me a call. 304-374-8046 Dave

Permalink Reply by dominick iocco on April 3, 2010 at 4:13am

this is all confusing. is there no news for SULLIVAN COUNTY NEW YORK OR BETTER ORANGE COUNTY NY?

Permalink Reply by Irvin Enck on April 11, 2010 at 10:28pm

I recommend working with your neighbors, hire a consultant if need be you will be able to achieve much higher bonus and royality

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