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Natural Gas Wells Info.
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<blockquote data-quote="Lammie" data-source="post: 606814" data-attributes="member: 3306"><p>Believe me, soon enough, someone will be knocking at your door to talk to you about it. Just hold out for as much money as you can. Get an attorney. They will do seismic surveys to find out whether you have the gas under your land and they pay for it all. Whoever "they" are. "They" around here is usually Chesapeake. </p><p></p><p>Hold out for generous terms. Like Boogie said, 25% and as much signing bonus as you can squeeze out. Find out how big a "pool" you are on, like if it is a whole section of land or half that. It would be worth it to get a lawyer who specializes in this sort of thing, especially if you are talking about a lot of land. Starting from scratch is confusing and you will see folks who will lease cheap and then wish they had not. </p><p></p><p>The gas industry and all the other industries it supports are what is keeping the economy afloat around here. It can really bring jobs to the area and lots of wealth, so I guess it's a good thing for as long as it will last. And who knows how long that will be?</p></blockquote><p></p>
[QUOTE="Lammie, post: 606814, member: 3306"] Believe me, soon enough, someone will be knocking at your door to talk to you about it. Just hold out for as much money as you can. Get an attorney. They will do seismic surveys to find out whether you have the gas under your land and they pay for it all. Whoever "they" are. "They" around here is usually Chesapeake. Hold out for generous terms. Like Boogie said, 25% and as much signing bonus as you can squeeze out. Find out how big a "pool" you are on, like if it is a whole section of land or half that. It would be worth it to get a lawyer who specializes in this sort of thing, especially if you are talking about a lot of land. Starting from scratch is confusing and you will see folks who will lease cheap and then wish they had not. The gas industry and all the other industries it supports are what is keeping the economy afloat around here. It can really bring jobs to the area and lots of wealth, so I guess it's a good thing for as long as it will last. And who knows how long that will be? [/QUOTE]
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