We signed a lease on 20+ net acres in WV with Antero. The landman said it was a pretty good deal.
- 18% on all oil, gas, and NGL’s from point of sale (I believe that’s the correct term)
- $4500 bonus per net acre for $90K+
- 5 year lease non renewable
- 12.5% post production cost; It was either 0% from the well head or 12.5% from point of sale
Another question is how long does it usually take from signing the lease to receiving the bonus?
Thanks for any and all input.