I and my two siblings have been notified that drilling activity has begun. It was homesteaded by our grandparents. We sold it nine years ago with 20 year mineral rights. is that from sale date of property or from day of drilling activity? Any info from you will be appreciated. We are so excited, for over 70 years we have always heard some day there will be a well in this area Little did we know. Owner has lease with Chesapeake Energy. Thanking you in advance for any info! : )
The northern part of the county is the hot spot of the area . what is the legal description of the farm you have the interest in? I take it that if production comes in you will retain the minerals until the end of production.
We've had an offer to sign a lease agreement. Does anyone know how much we should be asking for a sign on bonus per acre? I've read it has been going for as much as $1500/acre. Thank for any help.