Replies to This Discussion

Permalink Reply by Henry Edwards on September 18, 2010 at 11:48pm

The company that leases can show you maps of what they already have leased around you. You can contact your neighbors and set up a unit of acres for negotiation purposes. The company that drills only needs 160 acres or even less to justify a well. Get the shortest lease you can get-Mine are three years-They don't drill-you get paid again. The gas company will never promise you when they are going to drill. If they make that promise-I will guarantee it won't be in the contract.

Permalink Reply by mark main on September 20, 2010 at 4:32am

not always true,Rice energy gave us a drilling commitment in the lease.

Permalink Reply by rmc on September 28, 2010 at 2:37pm

Hello Mark what did Rice pay 1500 hundred an acre over a three year period?

Permalink Reply by Henry Edwards on September 28, 2010 at 10:49pm

Exactly what does your drilling commitment say.

Permalink Reply by rmc on October 1, 2010 at 4:07am

The lease expires. What do you get? It also expires doesn't it like 18 months or three years ? I have talked to Toby Rice on different occasions but I wasn't interested in what he was selling. Now say if he had been willing to pay me say a few thousand dollars an acre a year for the remainder of the lease if the drill schudle hadn't been followed I would have been interested in that. Now I have neighbors waiting for thier lease to expire(with Rice) next year.I hope you get the wells Rice has promised you as sechluded but if all Rice has to lose is 1500. hundred an acre I wouldnt spend the money just yet if I where you.

Permalink Reply by Oil and Gas nightmare on June 18, 2011 at 6:43pm

Hey I like Rice  energy a lot..very easy to work with so far....what type of acreage do you have?