River Trails Homeowners Association

Re: Oil and Gas Lease Agreement

Posted in: River Trails
  • Stock
  • LOLA87
  • Respected Neighbor
  • USA
  • 31 Posts
  • Respect-O-Meter: Respected Neighbor

What is your take on the new contract?

  • Stock
  • dfwjim
  • Respected Neighbor
  • USA
  • 126 Posts
  • Respect-O-Meter: Respected Neighbor

If it's from Chesapeake, don't sign anything.  Otherwise you will be linked into a contract that lasts for years and you will only get $100-150 as a "bonus".  We worked a better deal for everyone a few years ago when the gas industry was signing a lot of leases, right now the cost of natural gas isn't profitable for them to compete for signatures.  Many people got $1000+ signing bonus with a different company other than C-Peake.  Keep in mind that royalties will be roughly less than $20 for the year, so don't fall for the royalties argument either.  My opinion.

  • Stock
  • LOLA87
  • Respected Neighbor
  • USA
  • 31 Posts
  • Respect-O-Meter: Respected Neighbor

Thank  YouSmile

Do you know of anyone who has been paid any royalties? I've never seen any. I just saw a piece on the news where companies are purposly holding payments back.

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