Replies to This Discussion

LandownerPermalink Reply by jason irvine on June 28, 2018 at 10:04pm

I assume your referring to leasing not selling. We have 80 acres located on the wetzel tyler county boarder. The appx. Btu between 1250 to 1275 in the marcellus and dry utica. We just signed for 5k acre bonus after our first lease expired. We were happy with that because we also signed with the company we wanted. They are active in this area. I know what it is like to lease and not drill. We justed ended a 5 plus 3 year extension lease. I hope this helps.

• ▶ Reply

LandownerPermalink Reply by Wv loving on June 28, 2018 at 10:59pm

Yes to lease sorry should of mentioned that.   It looks like the city of wheeling was able to get $6000 per acre and a 18.5% royalty for over 300 acres.   Appreciate the quick reply 

• ▶ Reply

LandownerPermalink Reply by WV Mineral Owner on June 29, 2018 at 1:11am

I would suggest you worry more about the terms of the contract than the bonus.  I prefer a lesser bonus payment with NO Deductions and other favorable clauses.

• ▶ Reply

LandownerPermalink Reply by Wv loving on June 29, 2018 at 1:24am

I understand.    We have negotiated 18% royalty with no deductions and our oil gas lawyer has double checked the fine print 

just curious about bonus amount per acre.  Thanks 

• ▶ Reply

LandownerPermalink Reply by S S C on August 14, 2018 at 1:00am

I used to think that way but almost all my gas lease income has been from bonuses, next to nothing from royalties over 8 years. The bonuses have been significant.

• ▶ Reply