Southern Ohio Energy Consultants, LLC
Call us: 740-818-6091
June 26th, 2012 - SOEC Reaches Deal with PDC Energy, Inc. for Lowell Group
• Depth restriction: Lowell group retained their shallow oil and gas rights down to the Utica formation
• Pugh Clause
• Primary Term: $3000/acre and 18% gross royalty (5 years)
• Extension Term: $3500/acre and 18% gross royalty (5 years)
• 640 acre maximum horizontal unit size
• Maximum vertical well unit size
• Well pad and non well pad damage fees
• Shut-in limitations
July 6th, 2012 - SOEC Announces Second Deal with PDC Energy for Waterford Township
• Pugh Clause
• Primary Term: $3000/acre and 18% gross royalty (5 years)
• Extension Term: $3500/acre and 18% gross royalty (5 years)
• 640 acre maximum horizontal unit size
• Maximum vertical well unit size
• Well pad and non well pad damage fees
• Shut-in limitations
January 25th, 2013 - SOEC Announces Third Deal in the last 8 months
Southern Ohio Energy Consultants representing the "Watertown Landowner Group" of Watertown, Waterford, & Palmer townships in Washington County, OHIO have reached an agreement with DUX Petroleum of Lubbock, Texas. After considering offers from several different oil and gas companies, the landowners of the "Watertown Landowner Group" accepted the DUX Petroleum offer after much negotiation on terms, bonus, and royalty. SOEC is pleased to annouce that DUX Petroleum will also pay their 1% commission so the landowners will truely recieve $4050 per net mineral acre. Additional highlights of the deal as follows:
- Primary Term: $4050/acre and 18% gross royalty (5 years)
- Extension Term: $4050/acre and 18% gross royalty (3 years)
- Pure Pugh Clause
- 640 acre maximum horizontal unit size
- 40 acre maximum vertical unit size
- Well pad and non-well pad damage fees
- Shut-in limitations
- No injection wells, compressor sites, gas storage, taking water from premises
