Gas Leases

When an oil company approached Bob and Gladys McArthur in 2006 about leasing their Hillsdale County land to search for oil, they looked at it as a little extra cash in the bank.
Oklahoma-based Continental Resources was one in a string of about five companies over the years to come to them with an oil lease.
“We [...]

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By now just about everyone has heard about the natural gas boom in Northwest Louisiana, called the Haynesville Shale.
As with any boom, the talk of the town is money. Less than a year ago, companies were paying $150 per acre lease bonuses with 1/6th royalty, and now rumors are flying around about $25,000 bonuses and [...]

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This story comes from The Daily Citizen and outlines the results of not getting professional advice when dealing with leasing your land for gas:
Kathryn Hastings of Plainview regrets not exempting her best property from the mineral rights lease she signed with Chesapeake Energy four years ago. As a result, she gave the natural gas giant [...]

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When domestic gas prices spiked during an energy crisis in the early 1980s, prospectors came into the western part of the Quad- state region to acquire drilling rights. With oil at $130 a barrel and natural gas prices headed above $11 per thousand cubic feet, they may return.
Exploration and production companies are looking for huge [...]

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The Haynesville Shale is likely to become America’s largest natural gas field and perhaps the fourth largest in the world, Chesapeake Energy Chairman and CEO Aubrey McClendon disclosed Wednesday in a conference call with its newest partner, Plains Exploration and Production Co.
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Oklahoma-based Chesapeake is so committed to development of the deep underground natural gas reserve [...]

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It was a year ago, when men from the oil and gas companies knocked on the door of Stephen Woloszyn’s dairy farm in the small Cattaraugus County village of Delevan.
They wanted to drill for natural gas on his property.
“They showed up at my house, and told me who they were,” said Woloszyn, whose farm has [...]

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The folks over at the Wetzel Chronicle have written a great article about mineral rights owners and the relation to the gas lease boom. It’s a great article (but I will admit I am somewhat biased since they were nice enough to include information about my blog!)
The days of the $5 per acre lease are [...]

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You could have taken a nostalgic drive through the past on Thursday night, through the dreamy green landscape at the outer edges of the Catskills, past sleepy fishing towns like Roscoe and Downsville, to the lovingly restored Walton Theater, built in 1914 for vaudeville acts, honored guests like Theodore Roosevelt and community events of all [...]

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Natural-gas drillers seem to be taking “a wait-and-see attitude” right now, according to Ken Balliet, a Penn State Extension director well versed in gas-lease issues.
If exploratory wells being drilled this summer are productive and some state regulatory issues are ironed out, gas-lease offers could jump, he said.

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Apparently a company called Resource Trading Online has launched a website to help get land owners the best bang for their buck by letting multiple prospects bid on leases. Disclaimer: We have no affiliate to them and have not personally used their service, but we always try to pass along as much information as possible [...]

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