We got $4k per acre (Antero started at $2k), 16% (offered 12.5%), 200’ above Marcellus Shale to 200’ below limits, Gross Proceeds, Hold Harmless, No Disposal or Injection Wells, No Gas Storage. 3 year term + 1 (option) + 1 (option) (initially offer was 5 years + optional years after that). Deleted Arbitration clause. Deleted Affidavit of Non Production. Deleted Warranties. Deleted Other Rights of Lessee. We also put in that they could not just leave property idle for too long ie they must continuously be working to get paperwork done and drilling going or lease ends.
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