# Lease Renewal Offer
**URL:** https://www.mineralrightsforum.com/t/lease-renewal-offer/25503
**Category:** General Mineral Rights Discussion
**Created:** [March 25, 2018, 4:50pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503 "2018-03-25T16:50:17Z")
**Posts on this page:** 17
**Page:** 1
### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 25, 2018, 4:50pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/1 "2018-03-25T16:50:17Z")
I and my family signed a lease with Antero 6 years ago at $1500 per acre.
Knowing zero about mineral rights leasing we signed. We have since educated ourselves and believe we should have received $2500 per acre at that time. In May 2017 we were offered a renewal at only $1000 per acre. We refused to sign for that amount. Antero has refused to negotiate and recent calls to Antero headquarters and the land agent have gone unanswered. Any suggestions where we go from here?
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### Author:  [@Nancy\_Mosley](https://www.mineralrightsforum.com/u/Nancy_Mosley)
#### Post date: [March 25, 2018, 5:37pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/2 "2018-03-25T17:37:42Z")
What state?
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [March 25, 2018, 5:51pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/3 "2018-03-25T17:51:58Z")
I would suggest holding out, I guarantee you will be contacted again.
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [March 25, 2018, 6:32pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/4 "2018-03-25T18:32:40Z")
I take it the lease expired in 2017? Natural gas prices are very low which is probably what they will be going after. If lease has expired they may not be interested now with prices where they are and they may have less or no interest in that area now. The other way of looking is if you don’t get another lease in 3 years from May 2017 then you will have lost $1000 per acre on a 3 year lease.
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### Author:  [@Charles\_Cunningham](https://www.mineralrightsforum.com/u/Charles_Cunningham)
#### Post date: [March 25, 2018, 8:12pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/5 "2018-03-25T20:12:04Z")
You can sometimes overplay your hand.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [March 25, 2018, 8:18pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/6 "2018-03-25T20:18:06Z")
I would market it to a third party.
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 26, 2018, 4:07am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/7 "2018-03-26T04:07:56Z")
Doddridge County, West Virginia
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 26, 2018, 4:11am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/8 "2018-03-26T04:11:45Z")
Thanks for response. Guess I just feel they are low-balling like they did the first time around. Also, our renewal was offered in May 2017 and I noted that in Dec. 2017 in the Greenbrier District leases were offered by Antero for $2500 per acre. ??
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [March 26, 2018, 4:12am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/9 "2018-03-26T04:12:08Z")
Shirley,
AR is very active in Doddridge County and I still suggest you wait to be approached again. If nothing else, reach out to their office in Bridgeport.
Good Luck
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 26, 2018, 4:12am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/10 "2018-03-26T04:12:48Z")
Any suggestions of companies interested in this area (Greenbrier District, Doddridge County)? Thanks!
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [March 26, 2018, 4:13am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/11 "2018-03-26T04:13:43Z")
Shirley,
Yes, $2,500 / NMA bonuses are very common for that District, I have received even higher.
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [March 26, 2018, 4:16am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/12 "2018-03-26T04:16:18Z")
Shirley,
AR & EQT are the two major players in Doddridge, with AR leading the way. Under no circumstances would I sign a lease with EQT, I have had nothing but terrible issues with them, including deducting more than 100% of my royalty on a no deduction lease. They have sued me three times to force me to lease to them, each time I have been successful in winning the case.
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 26, 2018, 4:17am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/13 "2018-03-26T04:17:45Z")
;;;thanks!!
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 26, 2018, 5:42pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/14 "2018-03-26T17:42:51Z")
The renewal offer was for 5 years. I just don’t want to tie it up that long for this “minimal” price. After reading comments, do you think Antero would go for a 2-year lease? Also, there is a pooling clause in the lease. Have no idea what that is about. Again, to you and others, thanks for input.
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [March 26, 2018, 6:06pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/15 "2018-03-26T18:06:15Z")
Currently I am unable to get any leases for less than 5 years with Antero and I have a significant amount of property tied up with them.
Pooling allows for a horizontal leg to pass through your property and the neighbor’s property. Royalties are based on percentages of the parcels a leg goes through. Example: if a leg goes through your 100 acres and my 50 acres, you receive royalty based on 2/3 of the production and I receive 1/3.
Feel free to send me an email through the site if you have any specific questions.
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### Author:  [@Shirley\_Earlewine](https://www.mineralrightsforum.com/u/Shirley_Earlewine)
#### Post date: [March 27, 2018, 3:32am UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/16 "2018-03-27T03:32:03Z")
Thanks for the clear explanation of the pooling clause!!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:20pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-offer/25503/17 "2025-01-11T19:20:57Z")