Has anyone dealt with them and going rate per acre?
Tater: re Marion County. We were offered $600 an acre and 12.5% on our first offer. Northeast just offered us $1500 an acre and 15%. Have you received any offers?
Yes they made an offer of 1500 an acre but that’s nowhere near what I have been leasing for so trash can it went.
Would you be open to sharing the parcel number for reference?
Because I had mentioned we had another offer already (which we do), we were offered $3,500 per acre and 16% royalty. I think this is still low.
Would you share with us who you got the higher offer from? Are you in Marion County?
We would like to get more offers so we know we are not leasing for less than our neighbors. Would you mind giving us more information about who you are leasing to and if there will be ground disturbance on your property? We appreciate your responses.
My other leases for Marion County are with EQT $4,200 per acre and 18% Marcellus. Shell only, they offer $10,000 per acre to purchase and XTO $3,500 per acre 16.5%. Others are $2,500-$3,500 15%. All but 1 of my leases are no deduction and the smallest tract is 34 acres, most are over 100 acres with the largest at 192 acres in Marion County. Now Wetzel County and Doddridge County more per acre but the royalty percent is still anywhere between 15 and 20%. Currently the one I posted this topic on is over 100 acres Paw Paw District.
Our higher offer was from Marion Energy, and it is for property in Marion County. The lower offer was from Vickery.
EQT will pay $4500/acre with 17% royalty if you hold firm (more if you have a good chunk of acreage). Marion Energy is Northeastern Natural Energy… push for 5K an acre (perhaps more) and 18% royalty. Northeastern is a bit easier to deal with than EQT. Those guys are real jerks.
5K and 18% is very strong in this area, I wouldn’t expect that but you never know I guess. Sounds like you are in a good spot, those are already some high numbers. I would check the records in Marion County and look for other companies who might be leasing and call them as well.
Thanks for your reply. How do we check the records in Marion County and what information is accessible? Are they online, or do we have to go into the county courthouse? Right now our highest offer is $1500 an acre and 15%. We only have 12.5 acres.
The going rate for Marion County, West Virginia is between $3000 and $6000 per net acre, depending on how urgently NNE/MNE needs you or how close you are to development. You should research the Co-tenancy Compliance Act for West Virginia. It’s not just about the bonus; it’s about securing a good royalty percentage gross at the wellhead and making other modifications to your oil and gas lease. If you have a decent per net acreage amount, it’s advisable to consult with an oil and gas attorney or a professional petroleum advisor in the field.
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So I have family with around 40 acres in Marion County Pawpaw District. Current offer from Marion Energy is $2000 per acre bonus at 15% net royalty. No surface rights. Leased about 8 years ago with another company for $4000 at 16% gross royalty. I know inflation has affected everyone so why do you think the offer is so low? They definitely plan to drill, proposed pad site has been approved less than a mile away. Based on research of leases near, the property will be at the end of the drill line. Any input or advice?
Marion Natural Energy (Northeast Natural Energy) has a hearing with the Oil & Gas Commission on 7/17 for an order establishing drilling units and pooling of unleased tracts and interests of owners who have not entered into voluntary agreements.
Meeting Details
Docket No. 408, Cause Nos. 499-500 Marion Natural Energy, LLC
HEARING FOR AN ORDER FROM THE COMMISSION ESTABLISHING DRILLING UNITS AND POOLING OF UNLEASED TRACTS AND INTERESTS OF OIL AND GAS OWNERS AND OPERATORS WHO HAVE NOT ENTERED INTO VOLUNTARY AGREEMENTS ALLOWING FOR THE DEVELOPMENT AND OPERATION OF THE UPTON NE UNIT CONSISTING OF 871.05 ACRES, AND THE UPTON NC UNIT CONSISTING OF 837.26 TO BE LOCATED IN PAW PAW, FAIRMONT AND LINCOLN DISTRICTS, MARION COUNTY, WEST VIRGINIA
Date/Time: 07/17/2025 10:00 AM
Thank you for posting information about the forced pooling meeting. I’m not sure what to do about it except maybe to accept our 5-year $1500 per acre with 15% royalties and no post-production costs (is that the same as at the wellhead?) offer from Marion Energy.
Thanks for the information. It sounds like the 15% and $1500 per acre we are being offered for our 12.5 acres near Fairmont is not the going rate. Marion Energy did say “no postproduction costs,” which I understood to be the same as “at the wellhead.” I’m not sure if the cost of an attorney would be more than our gain, but as the forced pooling meeting is coming up on the 17th, maybe one would be helpful. I appreciate your input.
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