Posted by Ron muhlenkamp on July 21, 2014 at 20:46:25 from (72.23.84.205):
In Reply to: Oil and gas lease posted by rrlund on July 21, 2014 at 13:19:37:
I live in Butler County PA. (30 miles north of Pgh.). We're sitting on top of the Marcellus shale, which is a huge deposit running thru much of PA, WVa, and eastern Ohio. A good source of data in this area can be found on Range Resouces website. They are a big driller in SW PA and publish a lot of useful data in their presentations. Also the website Marcellus gas.org has data on every well drilled in PA. We have published a booklet on the numbers in our area, which might be useful to you. If you give me your mail address (ron@muhlenkamp.com), I'll send you a copy. I don't know what the oil or gas fields in your area are but a little research shoud net similar sources for you area. First of all, read the lease, if you don't like some of the terms, make changes. You've negotiated before. It's not a contract until you both sign it.
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