Replies to This Discussion

Permalink Reply by petej on April 23, 2012 at 8:01am

Great question Michael!  A few of my friends and I here in PA were just discussing this same issue this weekend.  Hard to believe you have not had any replies yet.

Perhaps repost without the county reference as all of us in this play should have the answer to this question.

Yea great offer; unless you have to give away "the farm".

• ▶ Reply

Permalink Reply by Gary on April 23, 2012 at 9:45am

It depends how your lease is written..read the verbage very carefully..you should contact a lawyer..many leases are Held By Production (HBP)..

• ▶ Reply

Permalink Reply by thelma cathleen hays on April 23, 2012 at 11:54pm

there is nothing that going to stop them, if you are thinking that they will just let it sit there, thing againe. Marcellus is a shallow well. this will be your only chance at a o&g lease. thats really not a bad offer other then  being from chk. We signed with chk and have three wells ready for frack the first next week. is this a no drill lease that they are offering you.

 

• ▶ Reply

Permalink Reply by Robin Hood on April 24, 2012 at 1:13am

Read and understand every paragraph of the lease and attachments. They will use any phrasing to minimize any future payments to you. It's a business. They have thousands of employees with years of experience in lease capturing. Proceed with extreme caution and skepticism.  Procure knowledge. 

• ▶ Reply