latest tioga/bradford sgning bonus offers? - The HuntingPA.com Outdoor Community
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post #1 of 33 (permalink) Old 03-19-2010, 05:16 PM Thread Starter
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latest tioga/bradford sgning bonus offers?

we have a camp near morris run in eastern tioga county with 5 acres. we were approached by fortuna energy last september about signing a gas lease. it was for 1000 dollars per acre. the landman said"we can offer tis bonus if you sign in a timely manner". now ,the members of the camp wanted to get the camp in a LLc to protect us. the lawyer and other factors delayed us from signing in a "timely manner".we now have a LLc affiliation.we had a lawyer in wellsboro familar with the gas leases look over our paperwork. he said the paperwork looked fine. we are ready to sign.what are the local signing bonuses per acre these days.we dont want to sign for less than what the local "rate" is. thanks, jason
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post #2 of 33 (permalink) Old 03-19-2010, 05:58 PM
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Re: latest tioga/bradford sgning bonus offers?

I signed a couple of weeks a go for 5750/20 per acre!This is in eastern Bradford County.

It's breeding,training...and something unknown.
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post #3 of 33 (permalink) Old 03-19-2010, 06:31 PM
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Re: latest tioga/bradford sgning bonus offers?

30-06boy, did you get the Addenda with the Lease or was it their standard form? If it is their form lease, find a new lawyer as their form is bad news for landowners.
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post #4 of 33 (permalink) Old 03-20-2010, 08:11 PM Thread Starter
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Re: latest tioga/bradford sgning bonus offers?

doubledog, what is a "addenda" i have no idea what this is?
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post #5 of 33 (permalink) Old 03-20-2010, 08:12 PM Thread Starter
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Re: latest tioga/bradford sgning bonus offers?

fldbred, did you sign with fortuna?
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post #6 of 33 (permalink) Old 03-20-2010, 10:13 PM
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Re: latest tioga/bradford sgning bonus offers?

Addendum, are the rules and regulations you lay out pertaining to your land. Example... No work to be done on the property from Oct. 1 till Feb 1 because of hunting seasons.Unless a gas rig is in place or such and such..

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post #7 of 33 (permalink) Old 03-20-2010, 11:22 PM
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Re: latest tioga/bradford sgning bonus offers?

Quote:
Originally Posted by 30-06boy
fldbred, did you sign with fortuna?
No,I signed with Chesapeak! Fortuna came in the picture to late,but I liked what they had to offer.

It's breeding,training...and something unknown.
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post #8 of 33 (permalink) Old 03-21-2010, 01:23 AM
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Re: latest tioga/bradford sgning bonus offers?

Congratulations!!

My lease expires in July this year but I doubt I'll get the chance to sign another one...

wmu 3A
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post #9 of 33 (permalink) Old 03-21-2010, 02:52 PM
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Re: latest tioga/bradford sgning bonus offers?

Thanks...but I honestly wish I didn't have to think about it.If everyone around me hadn't done it,I wouldn't have!And I don't have a pot to pee in!But the money sure will go a long way!

It's breeding,training...and something unknown.
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post #10 of 33 (permalink) Old 03-22-2010, 06:17 PM
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Re: latest tioga/bradford sgning bonus offers?

Quote:
Originally Posted by 30-06boy
doubledog, what is a "addenda" i have no idea what this is?
To expand on the answer above, they are the changes to the standard form lease that are for the benefit of the landlowner not the drilling company. Some examples are: fees for well pads created, no storage of gas clauses, indemnification to landowner for spills, protection of water well supplies (quality and quantity), gating requirements for drill roads, restoration and seeding of disturbed areas, payment for timber that is removed to facilitate drilling operations, pooling restrictions, location of pipelines, reimbursement of taxes if clean and green is lost, etc.
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