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Marcellus Shale - PowerPoint PPT Presentation

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Marcellus Shale
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  1. Marcellus Shale Leasing Glenn Cochran

  2. Yes, It Is a Big Deal !!!!!

  3. Individual or Group Leasing

  4. Advantages to Leasing as an Individual • Lease is more specific to your property • Tailor-made to your specific wants or needs

  5. Advantages to Group Leasing • Better overall terms • Bonus • Royalty Percentages • Length of Leases • Offers more flexibility on well locations

  6. Parts of the Lease • Term • Primary Term • Secondary Term • Habendum Clause • Bonus or Delay Rental • Royalty • Pooling or Unitization • Pugh Clause

  7. Lease Terms (continued) • Shut-In Royalty • Gas Storage • Location of Wells, Roads, Etc • Force Majeure • Renewals

  8. Get It in Writing

  9. Before You Sign Anything • Have the Document Reviewed by an Attorney • A Few Hundred Dollars Spent May Save You Thousands

  10. If Your Land is Under Lease • What are the lease terms? • Are There Depth Restrictions? • Primary Term • Are You Receiving Rentals on Time? • Secondary Term (Wells Drilled and Producing) • Are You Receiving Royalty Checks? • Talk With Your Current Lessee to See What They are Doing Regarding the Marcellus

  11. In Summation • Major Financial Impact • Solo vs. Group Negotiations • Research • Know What You Want to See in A Lease • Get It In Writing • Review It With Your Attorney

  12. Thank You Glenn D Cochran P O Box 1399 Oil City PA 16301 (814) 671-1550 gdcconsulting@verizon.net Question and Answer Session After the Next Presentation