What is a Non-Operated (Non-Op) lease?
Non-Op is when an oil and gas company, like Shenandoah, owns a lease that is drilled and operated by another company.
In this case, Shenandoah participates financially in the well costs and both the mineral owner and Shenandoah receive revenue.
You finally have a choice when leasing your mineral rights! Due to regulatory changes and new laws in West Virginia, mineral owners have an alternative to being forced to accept an operator’s lease and terms.
Now mineral owners can lease to any company, and that lease can be included in horizontal well development. Shenandoah can lease your land at better prices, royalties, terms, and conditions than the operators.
The real benefit of recent changes in West Virginia is that mineral owners have options, and the traditional regional operators now have to compete with Shenandoah. Competition always leads to higher and more productive lease terms to mineral owners.
West Virginia operators have become too accustomed to having no competition for leases and, surprisingly, don’t like Shenandoah buying leases in “their” area, which is mineral owners’ land! Contact us to see the difference.
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