Replies to This Discussion

Permalink Reply by craig on January 30, 2013 at 1:43pm

Chesapeake probably has 90% of the leases in Beaver County. Unless you are in the very Northern part of the county you will probably be leasing with them. 

The trouble is that for the last some months they have been offering peanuts for re-leasing expiring leases. Unless you have a fair amount of acreage and/or you have property that they really need they won't offer anything worthwhile. Neighbors have been offered anywhere from $200/acre signing bonus up to $1,000 recently. Some of the uninformed signed at those numbers, which in my humble opinion was stupid.

Permalink Reply by James Brink, Esq. on February 13, 2013 at 10:09am

Craig:  I agree.  It is foolish for one to give away something that has been under their land for 300 million years.  I believe that many folks feel that they missed the boat on the land grab and that something is better than nothing.  That is not always the case.  Signing a lease with bad economic terms most likely also contains terms that will harm the land and water of the landowner and the neighbors for possibly generations.

Permalink Reply by Gary on June 10, 2013 at 1:16am

Any info who is leaseing now, lots of leases are starting to end..about 400 acres around me now..RRC just gave me a release so I can file it in the court house..

Permalink Reply by James Brink, Esq. on June 10, 2013 at 1:27am

Gary:  Send me a private friend request and we can talk.  JJBrink

Permalink Reply by mark ondrusek on June 10, 2013 at 1:30am

chk is letting leases expire in Chippewa also!  lots of leases coming up this year and early next.  gonna be interesting!

 

Permalink Reply by Gary on June 14, 2013 at 3:27pm

Got a letter from Purple Land Management wanting to lease properties in Independence, Hopwell and Racoon ttownships..for RRC...

Permalink Reply by ShaleAdvice (Steven C. Townsend) on June 17, 2013 at 1:04am

This is another land company that Range is using.  We are dealing with them on behalf of a few of our clients in the area.