Looking for input from others that have leases with Antero. If I were to lease with them, what should I be negotiating with them? Can’t afford an attorney at this time, so since I can tell there are lots of intelligent royalty owners on here, I would appreciate any guidance. Thanks in advance!
Really depends on the size of your interest as big interests should be negotiated differently than small interest (in which case they can just cotennancy you).
Few rules of thumb. Make sure you are getting a gross lease (i.e. no deduction) and strike out the Right of First Refusal Clause (ROFR) if you ever want to sell the minerals to anybody but Antero as that clause will eliminate all marketability of your minerals.
One more thing to remember is that any signing bonuses are considered by the IRS as Ordinary income, so if you are on any sort of fixed income benefits plan, that could throw it off. I know some have sold their minerals because of that (selling minerals is generally NOT ordinary income). But check with your financial advisor as that is specific to your situation and only matters if you have a larger interest
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