Marion County WV Offered $500 p/a and 12.5% to Re-sign in Dry Gas Area 5 yr.

Any ideas on the going rate?

 

Any suggestions?

 

This is $200 below 5 years ago.

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Permalink Reply by tater on August 9, 2013 at 1:27pm

that is a joke

Permalink Reply by tater on August 9, 2013 at 1:28pm

i leased in marion  for better than that 3 years ago

Permalink Reply by kkw on August 12, 2013 at 2:51am

But that was at the high.

Permalink Reply by tater on August 9, 2013 at 1:28pm

is it xto

Permalink Reply by kkw on August 12, 2013 at 2:52am

No

Permalink Reply by Kathleen on August 9, 2013 at 2:58pm
I agree 100% $500 is nonsense, but I've read other boards and so many regret not signing since the co's, moved on, or they got left out of a unit.
If the lots are smaller I think it gets tricky if your minerals are not close to the pad.
Permalink Reply by JK on August 10, 2013 at 3:45am

Monongalia County, WV

Any ideas on what a sign on bonus can be paid and what royalty % for a 1200+ ac, now?

Permalink Reply by Lisa McKenzie on August 12, 2013 at 6:56am

I got an offer last week in Marion for 15% without deductions and $1,200 per acre.  It is a 5-year lease that can be extended for an additional 5-years by paying that $1,200 per acre again.  I understand from my attorney that prices are down quite a lot from last year.  He thinks this is a good offer.  We are still doing title work and have issues with other provisions in the lease, so haven't signed yet.  We also only have a 1/32 interest, so 7.5 net acres, and don't know how negotiable the oil company will be.

Permalink Reply by Charles on August 12, 2013 at 7:20am

That is a good offer. 

Permalink Reply by tater on August 12, 2013 at 10:27am

was this from xto?

Permalink Reply by Lisa McKenzie on August 12, 2013 at 11:52am

The offer is from American Shale Development. 

Permalink Reply by ROSETTA WILKINSON on August 12, 2013 at 9:07am

I have had offers for purchase of both my properties of 4500 and up per acre. I don't know about leasing. I just know that the area is getting alot of attention.

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