Chesapeake Offer

Brian Mollett · 2014-12-08T22:15:17Z

I was contacted by Chesapeake Appalachia LLC about a mineral lease and first offer was $200 per acre with 12.5% royalty. I know the first offer is usually low, but am trying to find out a fair market value. I had asked for a free gas tap for my home use and was told they no longer offer this due to having to drill so deep for the natural gas that the pressure was too high to run to home. I believe this is BS, because after doing some research, I see that Chesapeake is only securing permits to drill for oil. Other companies are securing permits for oil and gas. I am going to talk to the rep again and ask straight out if they are even interested in natural gas to see how they react. I believe if it is indeed oil they are after, then I should get a better lease offer and better royalty %. Any info out there? I am in the Webbville/Willard area on the Lawrence/Carter County line.

Kentucky Mineral Rights Lawrence County, , KY

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