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Leasing

Chesapeake ‘Force Majeure’ Gas Lease Case In New York

by Kenneth E. DuBose on April 9, 2012

Chesapeake and StatoilHydro’s landowner court case in New York is now going to both federal court and arbitration. The case is over whether or not a state moratorium on hydraulic fracturing is sufficient to declare “force majeure”. Chesapeake acquired leases covering thousands of acres in New York at low prices. Many leases signed before the […]

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Athens County OH Utica Shale Leasing Surpasses $2,500/acre

by Kenneth E. DuBose on December 15, 2011

Leasing in Athens County, OH, and other areas of the Utica Shale oil play continue to heat up. Land owners are joining together to sign leases in bulk to get favorable terms. Leases are being signed for $2,500 per acre with rumors of $5,000 per acre in the hottest areas. Some mineral owners are going […]

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PA Prisons and Colleges May Lease Minerals

by Kenneth E. DuBose on October 21, 2011

Pennsylvania prisons and educational facilities may be granted the right to lease their minerals. Currently, only the conservation commission and the game commission benefit from mineral rights that sit atop the Marcellus Shale. The bill will broaden authority for oil & gas leasing on commonwealth lands. If a separate bill passes, the facilities will get […]

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Minnesota Mineral Rights Held by the State in Many Cases

by Kenneth E. DuBose on October 6, 2011

The state of Minnesota is beginning to lease mineral rights in the northern part of the state and landowners are finding out the hard way that minerals were reserved by the state decades ago. That is exactly why private mineral ownership is better than public. When companies get to negotiate with landowners, it is a […]

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Niobrara Shale Gets Record Price – Weld County CO

by Kenneth E. DuBose on September 1, 2011

Niobrara Shale minerals fetched a record price of $5,850 per acre for a 320 acre parcel inWeld County, CO. Dually noted is the fact that the average price in the Colorado Auction was $495 per acre across a total of almost 37,000 acres leased.  The peak number is likely very close to production or in […]

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El Paso County CO Niobrara Shale Oil & Gas Leasing Booms

by Kenneth E. DuBose on August 29, 2011

El Paso County, CO, has never had a commercial oil & gas well, but leasing sure indicates that might change in the near future. The rumored target is the Niobrara Shale, but we’re still in the stages of tight lips, so we haven’t heard a definite just yet. Leasing activity continues to pick up, so […]

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EOG’s Shale Oil Bet Pays Bakken and Eagle Ford Dividends

by Kenneth E. DuBose on August 11, 2011

EOG’s Bakken Shale and Eagle Ford Shale success was the direct result of the company’s exploratory mentality. The company followed the lead of a geologist when entering the Bakken and then quickly began expanding into the Eagle Ford Shale when it first identified the play. The company literally led the industry into liquids-rich gas and […]

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EQT and CNX Paying Back Royalties on CBM in WV

by Kenneth E. DuBose on August 4, 2011

“Methane (even from CBM) is a distinct mineral estate that is separate from coal” was the decision passed down from the West Virginia Supreme Court in 2004. The ruling was in favor of mineral owners as oil & gas companies had previously signed agreements to produce coalbed methane (CBM) with the companies operating existing coal leases. […]

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Morgan County OH Utica Shale Leasing on the Rise

by Kenneth E. DuBose on August 4, 2011

Morgan County, OH, oil & gas leasing continues as landowners are approached with offers from landmen from around the country. Chesapeake Energy’s latest announcement that it has over 1 million acres and believes the play will have great economic returns isn’t going to deter leasing. Current offers are in the hundreds of dollars per acre, […]

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Idaho Mineral Rights – Oil & Gas Leasing Continues

by Kenneth E. DuBose on August 3, 2011

Oil & gas mineral rights leasing in Idaho continues as operators have success drilling wells. The full resource is yet to be determined as Bridge Resources works with midstream companies to bring production to market later in 2011. The local paper recently released some advice for oil & gas mineral owners, which is copied below. […]

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