Replies to This Discussion

Permalink Reply by Earle Robbins on February 23, 2010 at 6:53am

Chris ...One of the best places to start.. http://naturalgas.extension.psu.edu/. Penn State Cooperative Extension is a great resource. Also check with their office in Coudersport for educational meetings on gas and oil leasing- 814-274-8540. Earle Robbins

Permalink Reply by Jules Delgotto on February 23, 2010 at 7:15am

There is a group know as the 4 county group. It is on this forum. It covers Potter County. A meeting in Shinglehouse scheduled for March 27th @ the First Baptist Church in Shinglehouse, PA

Permalink Reply by Jules Delgotto on February 23, 2010 at 7:22am

The groups fee seem high though.

Permalink Reply by KAnderson on February 23, 2010 at 5:28pm

What do you mean, "the groups fee seem high though"? What group are you referring to and what fee?

Permalink Reply by Jules Delgotto on April 26, 2010 at 1:25pm

The consultant wants to be paid on the bonus payment, land rent and on a percentage of the ongoing royalties. Most others will take a portion of the bonus only or as I have found, some will get the gas company to pay their fee.

Permalink Reply by Tom Ayers on April 18, 2010 at 1:56pm

Chris,

We have 650 leasable acres and would like to pool more for better negotiating leverage - our farm is in Sweden/Homer Twps. If you are interested, please drop me a line directly.

Tom

Permalink Reply by Veronica English on November 26, 2010 at 2:23am

Tom,
Have you already secured a lease for your acrage?
Thanks
Veronica English

Permalink Reply by Randall Caccia on April 19, 2010 at 10:17am

Make sure you read the fine print regarding the leasing/ giving up of your mineral rights. Know what can happen when you give them up.

Permalink Reply by Chris C on September 15, 2010 at 11:17pm

Hi Chris, we also have 100 acres outside coudersport near Gold. I am new to this. Did you contact the surveyors??? I wish I could answer your questions however am awaiting to see if you get a reply so I can learn as well. thanks Chris

Permalink Reply by 31u232c1dthmc on October 30, 2010 at 6:25am

hi chris, i have 37 acres in mckean county and and had many of the same questions. a company called
ars helped me alot. if you are interested let me know and i can get you their info. thanks

Permalink Reply by FXEF on January 31, 2011 at 1:06pm

Folks, I've seen comments about paying a percentage of lease bonus and royalty for O&G lease negotiation. 

DO NOT pay a percentage of the lease bonus and especially DO NOT pay a percentage of your royalty, for an O&G lease negotiation.

You need a trustworthy and knowledgeable O&G attorney in your area.

 

Permalink Reply by Jules Delgotto on April 10, 2011 at 5:32pm

Tread carefully with some of these land owners groups. Some play the insecure land owner card and tout the benefit of a good lease, as if there are some secret clauses in their posession.

 When in reality, a well versed attorney can draw a comparable lease, if not one tailored more to your personal situation.

Further, in Ms Hancharick's group's case. Aside from taking a portion of your bonus money and a portion of your royalties, you must keep in mind you are signing a contract with Coexprise, the Experts. If you do not accept their results of their bidding process and lease (which will be the group's lease) and decide to go lease on your own, you are still obligated to pay Coexprise their bonus and royality fee. Ouch.

And as for Ms Hancharick, she is being paid by Coexprise, so just consider what you hear very carefully and don't be sold a bill of goods from a landman or a landowners group headed by a company that takes.