Posted by John - NY on August 02, 2009 at 08:56:31 from (74.67.89.66):
In Reply to: Gas well lease update. posted by Rollie NE PA on August 01, 2009 at 10:12:37:
Sorry, but I forgot to add that the offered royalty was 19.5%. Horizontal drilling techniques, which is the preferred method to maximize output from the well, should involve units of approximately 640 acres. The 80 acre figure sounds pretty small unless they're just doing a vertical well. Considering that these gas wells in prime areas are pretty much a sure bet, I'd hesitate to give either the attornies or the LLC any of the royalties. They should just be paid for their services and that's the end of it. You could end up paying them exorbitant fees for work performed and they'll gladly take it.
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