what turned out to be the most productive shale gas production regions. If there is no historical data about well production it of course makes it more difficult to make even the roughest of estimates of value. Still, if companies are willing to invest in drilling, at a time of overall gas surplus and low prices, it's very likely that there is a resource of real worth in your region. [/b] In trying to get some of the neighbors to perhaps slow down and not rush for the first offer, it might be of use to point out that when signing a lease you basically are granting for a term certain important rights no matter how little the initial consideration. In exchange for a 20 dollar an acre bonus, which I would suppose is for the standard 5 year term, the land owner might see that other opportunities for sale for an entirely different use has been diminished. As you point out, Idaho Power (now Idacorp) has a power plant nearby. I'm familiar with that company from owning some shares in the past, and in general they are a fairly well run electric utility. They were a hydroelectric and coal fired company for a long time, but it looks like they are on the band wagon now of jumping from coal to gas which is part of a big national trend.
Man there's advice all over, it is such a gamble. Please give me input on the preferential right clause... it sure puts them in the drivers seat. I kind of doubt they'd delete it. As I am pursuing negotiations currently, I plan to bargain for a 4yr paid up + a 2 year, total of 6 years, not the 8 in their standard lease.