May first offer from nor new

Post the most recent offers you have received for lease dollars per acre, and commission percentage.

May first offer from nor new

Postby comoman1168 » Fri May 01, 2009 4:59 pm

well its not much but i was told today by the landman from nornew that they are drilling in herkimer now and are planning to in the next several months to jump to the next spot and drill. they already did the siesmic testing along st.rt 80 in smyrna and they say they are ready to keep moving down the line as early as dec. maybe into jan/feb but he thinks sooner. 100.00 an acre/ 12.5 % split up to the owners of the 80 acre parcel, not 12.5% to each . whatever your acres adds up to , to make the 80 acres is what you get . any feedback---- johnboy452@aol thanks
Posts: 5
Joined: Wed Jan 14, 2009 1:14 pm

Re: May first offer from nor new

Postby zechari » Sun May 03, 2009 4:22 pm

100 an acre and 12.5% is an insult to everyone. The only thing that could be worse is if the companies start asking coalition members/landowners to pay them and give 12.5% of your pay check for leasing their land to make their company bilions of dollars.
Posts: 424
Joined: Thu Apr 30, 2009 3:51 pm
Location: acres in Pittsfield, NY 13411

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