CNX has been trying to get me to amend the family’s 1968 lease in Marshall Co. for 10 years. I have 20.6 acres and they tell me my net is .68667. Now they want me to sign a binding for all time lease that allows pooling and are offering 13% RI on my net. Is this fair? I can’t figure out how many people may have interest in this. It is not above ground and is only gas and oil rights. Also, I have been paying the taxes on this property for at least 8 years. Should I have received a lease payment from them in this time?
Why does CNX want to amend the old lease? 13% is too low. Here in Pennsylvania, any new lease is a minimum of 12.5% by law. They are the big player where I live in Westmoreland County, PA. Believe me, they will lowball just like any other operator so hold your ground! Only advice I have is to GET AN ATTORNEY TO HELP YOU! It will be money well spent!
From our experience, 15-18% royalty is market for this area.
@Grayfamily1 This explanation you’ve been given appears to be an informal breakdown of why you’re being asked to sign an amendment and ratification to a 1968 lease in Marshall County, West Virginia, and what your options are. Here’s a clearer, more structured summary of what this means — and what you might consider doing next:
Your minerals are currently “Held by Production (HBP)” under an old 1968 lease. This means the lease is still active because there is some production (possibly shallow gas or storage wells) — even if small.
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CNX wants to modify that lease so they can: Pool your interest into a new horizontal Marcellus Shale unit. Apply modern lease terms (like pooling, shut-in royalties, etc.). Start new production and pay you royalties on it.
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Royalty increase from 12.5% (1/8) to 13% — not a big bump. This is negotiable. Some landowners get 15%–18%, depending on leverage and location.
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No signing bonus is standard, but you can negotiate one. Especially since they’re asking you to ratify and amend an old lease — you have some leverage.
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Title Accuracy (0.68667 net interest): Make sure the net mineral interest listed is correct. You can ask the Petroleum Landman for the title run sheet or documentation showing how CNX calculated that number.
Call Marshall County Tax Office: Ask if they will update the ownership records based on CNX’s title work or if a certified title opinion is needed. This matters for ensuring you get paid and taxed properly.
Consult an West Virginia Oil and Gas Attorney or Petroleum Mineral Advisor: Especially if you’re unsure about your rights or want to negotiate better terms and can help you navigate this.
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