Just to share , Madison Township , Guernsey county

Many neighbors have been told to keep quiet and not share the numbers offered . That's crazy . The only one that benefits is the oil company . 

Currently offered 

3 years @ 2250 per acre 18% gross with 3 year option at 2500 per acre .  This is through our group . We signed with the law firm KWDG to negotiate . 

Landman offered via phone 2000 + 18% GROSS

Sent contract . 2k per acre 12.5% NET . I only asked for a copy of the contract for a lawyer to look at . 

Views: 519

Replies to This Discussion

Permalink Reply by Mickey Shank on September 13, 2022 at 8:54am
Update , they reminded that offer within a week , didn't even make it to us from the law firm . Signed for 1250 p/acer . 3 years paid yearly .

Hopefully something starts around here . I was rild Ascent was also drilling but didn't renew us this go round .
Permalink Reply by Mickey Shank on September 13, 2022 at 8:55am
Recinded, damned auto correct .

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service