A 5 year lease is soon expiring. What is the going rate for renewal bonus rates in southern Monroe Co./Washington Co. area. Want to make sure what we are being offered is competitive. Certainly lower than 5 years ago.
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what TRS are you in? depends on how far east/west you are.
My lease for 5 years is expiring in a couple of weeks. I’m in green township. What the going rate to lease for another 5 years?
A little vague on the actual location, but I found some relatively recent comps in southern Monroe that show up to $5,800 for 12.5% royalty. The coverage seems sporadic, so you may want to check with your legal for better results.
Source:What is the going rate for CNX to pay after production started?