Replies to This Discussion

Permalink Reply by Paul Martinelli on July 11, 2012 at 6:17am

talk to your neighbors....see who they are leased with.....That may be the best Company to start with.

 

How many acres we talking about, and in what Township?

 

In the end, if your land is desired, they will find you.

Permalink Reply by ethel jones on July 11, 2012 at 11:01pm

i have 6 acreas,and live in washington township

Permalink Reply by tena marie west on July 12, 2012 at 10:55am

hi ethel, i also live in washington twp, i heard last night that chesapeake was over on bellflower rd. trying to get leases less than a month ago. my friends signed with them but they only had there minerals at 12.5 percent, someone else has there lease.

Permalink Reply by Utica Shale on July 24, 2012 at 8:54am

Ethel,

 Order of importance ...

 # 1) Owner Friendly Lease Language

 # 2) 16% - 21% Gross (not NET) Royalties

 # 3) $3,000 - $5,800 / acre Signing Bonus

 

 You can join a Landowner Group or hire a lawyer to draft you a lease with landowner friendly language. Do not wait until they (the landmen) contact you. You need get prepared now. And do not sign their "two page" lease - see item #1!

 

 P.S.

 And, you want to lease your mineral rights, you do not want sell your mineral rights.