The HuntingPA.com Outdoor Community banner

1 - 9 of 9 Posts

·
Registered
Joined
·
398 Posts
Discussion Starter #1
So Repsol offered $1750 and 15% net. Better than I thought, does anyone know if they take counter offers? I was thinking maybe $1750 and 18%.
 

·
Registered
Joined
·
398 Posts
Discussion Starter #5
Just make sure its a NO DEDUCTIONS lease. Very Important. and there is definately no harm asking for 17.5 or 18%
Well my father asked and she said the best for that unit she can do is 16% gross and $1750. Still much more than we expected so we are going to sign in. FYI for anyone reading we are in western Susquehanna near Middletown township and the rep told us to expect royalty checks in the next year or so. Which is also better than I expected. Thanks for the help!
 

·
Registered
Joined
·
806 Posts
What is the defination of "16% Gross" ? That is the question you need a lawyer to look at. Have the lease looked at!!! Be Very Cautious. If you need a lawyer, shoot me a PM. I know a good gas law lawyer.
 

·
Registered
Joined
·
16,981 Posts
i googled "what is 16% gross on gas royalties"


a lot of info came up. it appears there is a lot of double talk going on with gas contracts. apparently they are not to be charging the land owner for anything but some companies are. its all done with legal double talk. all the advice was "Get a good gas attorney".
 

·
Registered
Joined
·
806 Posts
Remember what Slick Willy ( Bill Clinton) said in refrence to Monica fiasco,
Him Say,
it all depends on what the defination of is, is..................... :)
 
1 - 9 of 9 Posts
Top