Does anyone have experience with the non-operating leasing company, Shenandoah, which offers $5,000/acre bonus payment and 18% royalty gross production at the wellhead with no deductions of any kind? Antero, which wants to drill under the land, would then have to lease from Shenandoah.
I don’t have any direct experience with them but have read that their lease terms are usually very good. They usually come to an agreement with Antero whereby the Shenandoah leases and the Antero leases are all considered together in the declaration of pooling for the drilling unit.
My family was contacted by Shenandoah earlier this year to lease rights we did not know we owned. Our interest was very small and ended up selling rather than leasing. We live in another State and used a WV lawyer for the sale agreement. We have leased other mineral rights in Marion and Wetzel county with other companies. I found Shenandoah to be very fair in their pricing and we had no problems with the sale going thru. As you’ve probably read before on this forum, our lawyer kept the notarized original agreement until Shenandoah provided him the checks. It was a smooth transaction.
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