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Washington County, PA Oil & Gas Discussion

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Washington County, PA Oil & Gas Discussion

Washington County, PA oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 27
Latest Activity: Jan 23

Discussion Forum

Buy minerals

Started by Loren Harris. Last reply by Jeremy Bruce Jan 23. 10 Replies

Want to sell mineral rights with a tough title history... any buyers still in the area?

Recent Production Oct 2015

Started by Michael Celani. Last reply by Jeremy Bruce Nov 1, 2016. 2 Replies

Hello, I'm new to this forum and hoping that someone can verify that production has been reduced in recent months.  And if so, is there a reason for this?Thanks in advance.Continue

Royalties % and monthly $ per month per acre

Started by John P. Smith. Last reply by Jeremy Bruce Nov 1, 2016. 1 Reply

aContinue

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Comment by Gerry Bell on January 9, 2015 at 11:23pm

Wait, where's the sarcasm button?

Comment by Gerry Bell on January 9, 2015 at 11:23pm

Matt also loves his mother and always sends her flowers on her birthday.

Comment by Gerry Bell on January 9, 2015 at 11:17pm

I've heard Matt is a really nice guy who will fight his bosses to get you the very best deal. Only if you sell now, don't wait. These companies can only make offers for a limited time until the big boys shut them down.

Comment by Matt Lanctot on January 9, 2015 at 9:25pm

DML Energy is actively buying producing and non-producing mineral rights. Call Matt now at (303) 304-6328 to sell your Mineral rights Leased or Not lease. We Close Fast and you get a high value on your oil and gas rights. We are actively looking at the following areas of the country:


Selling the minerals under your property or a reservation of minerals is not a complex process and DML Energy LLC would like the time to explain it to you and advise you on different options we have. There are no fee's charged to the landowner. We will work with you through the entire process. Sell your Oil & Gas Mineral rights fast by working with our company.

The price of Brent crude oil has fallen below $50 a barrel for the first time since May 2009. If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. Once it happened then that's it. Oil drillers will stop leasing and buying your mineral rights. And who knows if these companies will drill ever again at-least with the kind of volume they are drilling right now.

It's better late than never. Start selling your mineral rights now. Call Matt today at (303) 304-6328.

Comment by ruby_99 on May 7, 2013 at 11:09am

Quiet. I think I hear crickets chirping.

Any guesses as to the location of the leasehold Chesapeake is selling to EQT? It includes ten Washington county wells, so that's about all of them, I believe.

Comment by Thomas Prickett on December 4, 2012 at 12:41pm

My quotation of $600 to $800 per acre is per year of the lease.  Gerry, I believe that your quotaion of $3,400 to $4000 is based on $680 per acre per year times 5 years, the term of the lease (or $3,400) OR on $800 per acre per year times 5 years, or the term of the lease (or $4,000).

 

In the case of the 19%, this is extremely competitive and excellent.  The highest percentage that I have heard of is 16%.  Gerry is correct in that because much of the county is now leased there is littel competition and if Range Resources is the sole negotiator they are not going to negotiate against themselves.  You pretty much accept what they offer.

Comment by Gerry Bell on December 4, 2012 at 7:17am

There was a large western Donegal group that signed with Chesapeake in the spring of 2011 for like $4k/ac and 19%, and I've heard of 2012 Range signings in other parts of the county for $3400 and 18%.

Much of the county is already leased, so there isn't much of a going rate. The western half is much more desirable. Get a map of the surrounding parcels (from specprint.com) and have the landman tell you which ones are leased to what company as well as marking any drilled or permitted wells. Actual layouts of the wellbores are available from the state. If they mention "planned" wells or units, give that less credence. Then check it against landex.com. If they're all with one company, there is no competition and you'll take what they offer.


I would be looking for more than $3k/ac and 18% -- Thomas P and I must have been in different situations.;)

Comment by Thomas Prickett on December 4, 2012 at 5:24am

My understanding is that Range Resources will offer a five year lease at 12 to 12 1/2% for $600 to $800 per acre.

 

Once they go to production, it would appear that lease holders are seeing payments at about $650 per acre per month .

 

Comment by velva mooney on December 3, 2012 at 10:39pm

l have an offer from landman, have acreage in the Donegal Township , Dont know what to do. WHat is going rate on bonus and  royalty rates.  Would appreciate advise.

Comment by Gerry Bell on December 3, 2012 at 10:21pm

Range spud the Claysville Sportsman wells not too long ago. They continue to convince landowners in the Donegal storage field to amend their leases.


Chesapeake permitted one group just north of W. Alexander and spud Robert Shorts. They have a bunch of fairly new permits up and down the state line.

Any idea what the pipeline is coming up from the south to I79? Between W. Alex and Claysville. Maybe a Chesapeake line.

 

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