Lease & Royalty Payments

WhiteHawk Energy Spends $54M to Grow M-U Mineral & Royalty Assets

WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. WhiteHawk owns mineral…

Read More...

Company Seeks to Lease New York Mineral & Pore Rights for Flat $10

A company called Southern Tier CO2 to Clean Energy Solutions, based in Binghamton, NY (where MDN is located), is sending fliers to landowners in Broome, Tioga, and Chemung counties (along the border with Pennsylvania, where there is no doubt large amounts of Marcellus and Utica gas beneath the ground) inviting landowners to sign up for…

Read More...

Leasing in Columbiana County Picks Up; Bonuses & Royalties Down

Once upon a time (roughly 12 years ago), Chesapeake Energy and other shale drillers were leasing property in Columbiana County, OH, in deals that often paid $6,000 per acre for a signing bonus and granted 20% royalties for any oil or gas produced. According to an analysis by the Youngstown Business Journal, those days are…

Read More...

OH Fed Court Ruling Further Clarifies Post-Production Deductions

An important decision was recently issued in a federal court case (in Ohio) that has the potential to affect landowners and drillers with shale leases throughout the Marcellus/Utica. At least, we believe it has broader implications. The case is known as Grissoms et al. v. Antero Resources Corporation. The case revolves around the issue of…

Read More...

PA Game Comm. Does 2 Deals with PGE to Allow Drilling, 16% Royalty

Last week, the Pennsylvania Board of Game Commissioners announced it had cut two different deals with Pennsylvania General Energy (PGE). Both deals involve land swaps with the prospect of new shale drilling by PGE on the way in both Lycoming County and Sullivan County. The Game Commission’s remit is “to protect, propagate, manage and preserve…

Read More...

Ohio Comm. Says 12.5% Royalties for State Land Drilling Too Cheap

In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas “Green”). The new law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under state-owned…

Read More...

Judge Rules WV Lawsuit Against SWN for ‘Well Bashing’ Continues

Two Marshall County, WV landowners with the same last name (obviously related) sued Southwestern Energy (SWN), accusing the company of “well bashing,” in March of this year (see WV Mineral Owners’ Lawsuit Accuses Southwestern of ‘Well Bashing’). The landowners seek to have the lawsuit certified as a class action. Well bashing happens when drilling a…

Read More...

WV Hydrogen Project to Generate Rev. of $105M/Yr, Incl. Pore Rights

Yesterday we told you about a new $2 billion hydrogen project coming to West Virginia (see $2B Hydrogen Project Announces for WV – FidelisH2 in Mason Co.). Fidelis New Energy announced it had selected Mason County for a “net-zero” hydrogen production facility and low carbon microgrid, which it has dubbed The Mountaineer GigaSystem. The Fidelis…

Read More...

PHX Minerals Says WhiteHawk Marriage Proposal “Grossly Inadequate”

Last week MDN told you that WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, had proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located…

Read More...

WhiteHawk Energy Proposes Forced Merger with PHX Minerals, Inc.

At the end of May, WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, sent a letter to the board and management of PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased…

Read More...

Thorny Issue of Who Owns O&G Rights Under PA Roads – Strip & Gore

For years we’ve railed against what we consider the theft of royalties and bonus payments by the state of Pennsylvania from landowners with creeks and rivers running through their leased (for shale drilling) property. The Pennsylvania Dept. of Conservation and Natural Resources (DCNR) claims that under a centuries-old law, the state of PA “owns” the…

Read More...

Fed Court Nixes Chesapeake Royalty Settlement with PA Landowners

In 2021, U.S. District Judge Lee H. Rosenthal, Chief Judge for the Southern District of Texas, approved deals for Chesapeake Energy to pay $6.25 million to class members of the three royalty lawsuits brought by Pennsylvania landowners (roughly 15,000 class members) and another $2.9 million to the lawyers involved (see Texas Judge OKs Chesapeake Royalty…

Read More...

PA DCNR Sec. Dunn’s Anti-Gas Bias Evident for All to See

Cindy Adams Dunn has been, and continues to be, a major disappointment as Secretary of the Dept. of Conservation and… Continue reading The post PA DCNR Sec. Dunn’s Anti-Gas Bias Evident for All to See first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Encino Offered OH $1.8B Deal to Drill Under Salt Fork State Park

Yeah, you read the headline correctly. Encino Energy offered the State of Ohio $1.8 BILLION (estimated) to drill for natural… Continue reading The post Encino Offered OH $1.8B Deal to Drill Under Salt Fork State Park first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

PA Generates Record $370M from Game Land Leases & Drilling

The Pennsylvania Game Commission (PGC) owns and manages more than 1.5 million acres of state game lands throughout the Commonwealth…. Continue reading The post PA Generates Record $370M from Game Land Leases & Drilling first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...