In our area, the impact of Marcellus Shale is only in its infancy. The bonus check for signing a gas lease is only the tip of the iceberg, but before signing a lease there are many factors to take into account.
Before signing a lease, weigh your options. Although the idea of the bonus check is extremely appealing, there is no need to rush to sign a lease before all options and avenues are considered.
First, review the contract with a trusted attorney, preferably one who has experience negotiating oil and gas lease contracts. Be sure to ask the attorney upfront about his experience with these matters and also what his billing structure will be. There are many complicated factors within a lease contract which should be reviewed and possibly negotiated. Remember, this is your land, you want to make sure you protect it and your rights.
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