Replies to This Discussion

Permalink Reply by Dorothy Tecklenburg on April 26, 2010 at 6:50am

I'd wonder about the delayed rental aspect. If a company knows it wants to drill your well within the year, they can offer any amount, knowing they won't pay it because of the delay rental clause. One company tried something like that with us, trying to convince us that it was a good deal, even though we knew they planned to drill within a year of getting us signed, so that money would all go away.

Permalink Reply by john barney on December 20, 2010 at 4:18am

just exactly how does the delay rental cost clause cause you to lose your money?
jb

Permalink Reply by David Wheelis on May 9, 2010 at 5:01pm

Anything that you can do for a landowner, they can do by themselves a save quite a bit of money if they just do their homework. If someone were still to push ahead and have someone represent them....never give them a percentage of your royalty. Pay a flat fee

Permalink Reply by greg mohr on August 19, 2010 at 1:03am

Jim
can you tell me more about your group? I am in South Strabane Twp and looking to join a group of landowners in the area. Feel free to respond to my email at gmohr55@hotmail.com.

Thanks!

Permalink Reply by TJ Tuttle on June 27, 2010 at 1:51am

This is a great site, but I haven't yet seen anyone discuss the terms of any actual leases. Maybe I just haven't come across that section yet. My wife inherited some gas rights in 39 acres of land in Amwell Township in Washington County, PA (I'm told it is down by Prosperity). I was contacted last August by a Range Landman who offered $1000/acre and 15% of net value of the gas they pull out of the ground. Thankfully, the title wasn't completly clear so we were not able to sign a lease. In the 10 months it's taken to clear the title, the value has risen significantly. Last Friday I was told by another Range Landman that they are offering $2500/acre and 16%. How does this compare to leases they are currently signing in the Prosperity area? I've heard that Range has been offering up to $3500/acre and that other companies were offering up to $5000/acre. I tried checking the public records on LandEx, but those sneaky buggers have only recorded $1 leases in which they refer to another lease they don't want you to see.
Knowledge is power, and I was hoping to get the knowledge of the going price in the Prosperity area to help my negotiating position. Any info would be greatly appreciated.

Permalink Reply by Oil and Gas nightmare on September 30, 2010 at 12:13am

AMEN...I see that to which is why iam leaning toward a land group..dont have one yet but the valuse comes from people expecting more.. I know people need and want money right now but areas that arent as favorable as greene and washington has some of the highest offers I have seen. greene and wshington have some of the lowest.Yet all the reports are super good for these areas...I feel that alot of people are just not as informed and I dont think enogh people know about this site...I wonder if it would be a good Idea to advertise this site in local papers so people can gain the knowledge that hey your being taken advantage of......

Permalink Reply by Don Little on September 30, 2010 at 7:01am

That's because the landmen from Range will tell you one thing and do another. They do not even seem to want to negotiate with someone who understands the one sided lease that they present. I have no confidence in what they say. They want to pay a minimum amount with the lease in their favor. If you are signing one of their standard leases, you are a fool.