Landowners

Join us in success and become a Huntley & Huntley Oil and Gas Lessor

To become a lessor requires you to enter into an agreement called an oil and gas lease. The lease is made up of two term periods.

The first term period is called the primary term. This is the pre-production period of the lease in which Huntley believes there to be potential paying quantities of hydrocarbons underneath your property, but has yet to prove this by drilling a well. During this term Huntley pays you an annual rental for the lease. If a well is not drilled within the primary term of the lease, it will expire. However if a well is drilled and Huntley determines paying hydrocarbons exist beneath your property, the well will be completed for production. Your lease will then convert to the secondary term and run as long as hydrocarbons are produced from the property.

The secondary term period of the lease is the time to get excited. During this term, you will receive a monthly check resulting from your royalty provision within your lease. For most areas, the royalty is 12.5% of all sales and could last a very long time. As an example, Huntley has some wells that have produced for over eighty years. In addition to royalties, if the well is physically located on your property, you could also receive an annual free gas allotment for consumption in your home.

Huntley has proven that the oil and natural gas industry can coexist with the most concerned oil and natural gas environments. Huntley has wells located throughout greater Pittsburgh. The wells are located on parks, schools, cemeteries, industrial settings and even golf courses. Huntley's most prestigious accomplishment was successfully drilling, completing and producing twelve wells on the world class Oakmont Country Club property.