The Current Marcellus Shale Situation: An extremely weak economy, rising unemployment, a severe lack of credit and an abundance of fear and uncertainty created a crisis in the global economy in 2008…including the Natural Gas/Oil Industry. Leasing rates and royalties went from record highs to a standstill. Natural Gas Wellhead price went from $14 in June 2008 to just under $3.00 in late August 2009 and back to $6.00 to start 2010. Lease rates hit record numbers again in prime areas and drilling activity has been prevalent in the counties in Pennsylvania. Environmental concerns have thrown a major roadblock in NY production. BEWARE !! "Hydrocarbon Conveyance Offers" are being made in the Northeast.. Several Companies are working the Northeast attempting to purchase gas and oil rights. Landowners must understand that this is a "permanent transfer" of these rights. Consider carefully and see an attorney before signing. Click on the following for a sample... |
We are members of "NARO" -National Association of Royalty Owners
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about leasing your gas and oil rights. Jackie Root, Katie Root, and Earle Robbins formed "R&R Energy Consulting, LLC" in May 2008 to help land owners understand the leasing process and make the right decisions concerning leasing their property's mineral rights to exploration companies.
