Any Leasing in Somerset Township?

I own 100 acres in Somerset Township.  Are there any landowner groups trying to join together to get larger tracts to lease to companies (as I hear that's what most gas companies are trying to do now.)  There is also a gas line across my property that could be tied into.

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Permalink Reply by Roger Pyle on November 17, 2012 at 3:49am

Yes.

Permalink Reply by Janice L. Hancharick on November 18, 2012 at 7:55am

There is an excellent landowners group in the Cambria/Somerset area.  It's represented by CX-Energy, a well-established entity in the leasing world that get's the job done.  Attend one of the meetings to find out more. Getting into details here is difficult, but I do know the firm doesn't get paid until their clients get paid.  Consequently the teams working with the  landowners are eager to make group members happy.

Touch base later with a meeting date and location.

Permalink Reply by Roger Pyle on November 18, 2012 at 8:08am

Thanks, but I do not live in the area.

Permalink Reply by p umpjack on November 18, 2012 at 4:52pm

janice

a little clarity please are you not with the 4 county group that could not close a screen door on a submarine?

should the people of somerset be advised of the smash up job C-X Mo Po law group  did for the people of mercer? remember the 14,000 acres and mass signing that was denied after being a guarentee???

remember all landowners will be paid....14,000 acres fleeced by this group

please ... herd the cats.... to another fleecing

Permalink Reply by Janice L. Hancharick on November 19, 2012 at 5:10am

P.J.  Your reply doesn't warrant a reply, but here one is anyways.  You're raising points on a wet noodle ... nothing that will stand up.  The questions you posed appear to be tongue-in-cheek, as if you had all the answers! Take time to learn all the facts before coming online.  Readers need solid info not slanted opinions.

Mr. Pyle asked a valid question.  He deserved a response, not rantings.  That's NOT what this site is for.

Permalink Reply by p umpjack on November 19, 2012 at 11:47am

not a rant just the truth-what facts am I missing?

please tell me where the rant is

fact- what have you done other than self promote?

fact- where have you actually paid a SINGLE LANDOWNER?

fact- where is the slant with c-x? did they not have a mass signing only to flounder?

fact-as I stated before you and your 4 county group could not close the door on a submarine

Permalink Reply by p umpjack on November 20, 2012 at 5:08pm

must be a only post to promote....ehh janice???

to busy herding more lambs to slaughter

 

Permalink Reply by sldouglass on November 18, 2012 at 2:44pm
Producers have budgets for leasing and will spend money where it looks like the greatest return is available. There has been a rush to the wet gases to the west. Some day the priority for your property will rise and the producers will come to you. There is no point searching for a lessee, they will take advantage of that and offer you as little as they can to make a deal. Did I hear that eastern Somerset County has been proven to be unattractive because of limited production? Areas "overmature"?
Permalink Reply by Roger Pyle on November 19, 2012 at 2:09am

From the maps I've seen, the Marcellus is a thousand feet or so deeper in Somerset County than in other areas,

Permalink Reply by Janice L. Hancharick on November 19, 2012 at 5:31am

Good points.  How frustrating when one's AC is not in a "wet" gas area! 

When landmen (they aren't producers) start contacting you, hang up the phone, throw out the envelope, or shut the door.  Mr. Douglass is exactly right in stating their goal will be to sign you up for as little as possible with all kinds of clauses that few understand.

Landowner Groups exist to negotiate deals that AREN'T industry friendly. Someone steered you right to inquire about all this before it's lease-signing time. They exist to educate the members. If folks don't understand what they have how would they know what a good deal is?

Somerset is not the Cadillac of shales, but it's no "Tin-Lizzie" either. Glad to see you're studying maps. Be sure they're fairly recent because seismic studies have up-dated older findings.

jlhanch@nc.rr.com

Permalink Reply by Roger Pyle on November 19, 2012 at 5:41am

I was approached several years ago (pre-Marcellus) - I don't even recall who it was - but the lease was so biased towards the gas company and when I proposed numerous changes they didn't even respond.

 

Are today's leases flexible? For example, one thing I do remember was that the gas company lease didn't have a requirement that thier operators/contractors have insurance, like General Liability, Worker's Comp., etc.  If there is a glaring omission, can one request changes?

 

I did read some of the prior posts about CX and i does raise some valid points, and I would assume they have adjusted their presentations now to not "guarantee" anything until certain conditions are met.  I also would hesitate signing onto an agency fee unless I knew that the landowner group in the area had explored other options and ensured they were getting the best deal.

 

But, back to the maps.  Ones I have seen show that Somerset County has both Utica and Marcellus layers.  Are the gas companies acquiring rights to both plays, or just one?

Permalink Reply by sldouglass on November 19, 2012 at 9:08am

When I propose changes I have a little difficuly getting them accepted as well.  In fact, I have had clients tell me that the producer told the proposed lessee to get rid of me if there was ever going to be a lease - something of a compliment, I think.

It takes some guts to negotiate and in cases where people need the money it is even harder.  The land men do not have fairness as an objective.  They are instructed to get each lease on the best possible terms for the producer.  They are not likely to lie, but do not expect anything like the whole truth.

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