EQT has sent me an offer and mineral lease for 71.45 gross net 0.534. They identified the property by Deed Book 278, Page 142. I attempted to look up the property on the Marion County Clerk IDX link with no success.
I renegotiated, asking for $6,000 signing bonus not deducted from future payments and a 19% gross pre-production with no deduction of pre or post-production costs. They countered with $4,000 and 18% gross proceeds from the sale of volumes of Gas produced and sold…However, I would be responsible for all severance, ad valorem, and other production-related taxes charged to or incurred by Lessee on production. Would it be better for me to counter with 20% net and not have to worry about any of the taxes and receive a higher overall check each month? And is $4,000 the going Royalty amount?
What is a reasonable drilling depth that I can try to?
I recently found information regarding WV Code 22C-9-7a regarding Pooling posted by an expert but the topic was closed for comments. I was able to get them to include the Pugh Clause. What is the verbiage to request if they do pooling that the percentage increases to 25% …??
Thank you for your guidance.
A