Does this woman, actually think she's gonna get nearly a 1/2 million dollars up front, without knowing if they will even find gas on her property? That, if they do, she will become rich off of 170 leased acres..., hardly room for two wells...on Natural Gas? Her view is very unrealistic - even if they could friggin frac! She must be one of these women who think money falls out of the oil mans pants as he walks along the property.
I know of what I speak. I have appx 400 leased acres in the Barnett Shale - a proven play. Two producers. I am nowhere near rich, the price of NGO is low, every entity possible has their hands in my pocket taking taxes.
Good luck Hun...LOL!
***Does this woman, actually think she’s gonna get nearly a 1/2 million dollars up front,***
Most likely she will be offered a two year contract for a few hundred or thousand dollars to give a company rights to drill, WHEN THEY WISH.
If they drill and find gas she will most likely be given the choice of 1/8 or 3/16 of the royalties as long as there is recoverable gas in the well.
The royalties will be partitioned out with other land owners in that particular drilling area.