We are located in Ohio, and have received lease royalties for several years. The gas company now wants to place a new well pad on our property. They are willing to negotiate, but their starting offer is $4,000/acre. This will disrupt our land usage. We are wondering what is the going rate in Ohio for the 9-14 acres of land they are looking at using. Also, is this like a pipeline where they actually own a right-of-way? Should we get an attorney?
Don’t know the standard rates for OH. You might look up surface leases from University lands to see what they say. It would be wise to get a surface attorney to review the lease as you really want to be as protected as possible.
You may also contact the OH Chapter of the National Association of Royalty Owners. They may have some suggestions. www.naro-us.org.