Fortuna and Hess Royalty & Signing Bonus Numbers
Elmira Star-Gazette (Oct 17):
Slow down in gas drilling activity allows chance for consideration
A generally anti-drilling “article” by the business writer for the Elimra Star-Gazette. But he includes some helpful and interesting information for landowners:
I’m also watching how Fortuna and Hess are slugging it out for leasing rights in the counties to our east. What started here as a 12.5 percent production royalty and signing bonuses of a few hundred dollars per acre has morphed into the 20 percent royalty figure and signing bonuses of several thousand dollars per acre being offered in Broome and the surrounding counties on either side of the border.
Landowners and landowner groups take notice! Be sure you’re getting the best prices you can from your contracts.