Negotiating a New Oil/Gas Lease

Not a whole lot of leasing activity right now in WV and less so outside of Marshall, Tyler, and Wetzel counties. Most of Marion county is essentially in the EQT acreage sphere, so likely they are the ball game unless a company leases you to trade to them. What you can get as far as lease bonus is hugely dependant on royalty percentage. Mannington District in 2018 was bringing in 2500 an acre at 18 percent gross for us, now we have no interest at that level due to low gas prices and stressed financials at the drilling companies.