Is anyone familiar with the current going price paid per acre for leasing rights in Greene County, PA? Thanks in advance.
EQT is trying to lease at $1000 an acre on a delayed rental lease. Stay away from delayed rental, get a paid-up oil and gas lease. I had a friend who hired an attorney to negotiate his lease and the attorney was able to have EQT agree on $3000 an acre paid up. Companies used to pay up to $6500 an acre in Greene, but that has changed with EQT holding a lot of leased acreage in Greene.
Good luck with your negotiations and always find a professional or an attorney to get the lease modified.
Thanks very much l, very helpful!
To me the important thing is to have EQT guarantee that 100% of your tract is in their unit.
Yes Todd. Very important as well. Always get Pugh Clause, Warranty of Title, depth clause, non post production, hold harmless, better shut in, etc…
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