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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I would say no, they are not very reputable. Antero has stopped filing Affidavits of Heirship because companies were using the information to lease. Why go with a company that is not drilling the wells?
They are a very well known company with great rates for the mineral owners. Going with the drilling company has some value, but Shanandoah has been good to us.
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The offer they sent me for a “Gross Proceeds” Lease from my understanding from reading other’s opinion on this Forum would have only paid me on the Natural Gas and not the liquids. You should post the EXACT language of the clause in the lease. Hopefully someone here can chime in and help you.
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