Why lease with Rice Energy
Entrusting the right operator to responsibly develop your oil and gas may be one of the most important decisions you make as a landowner. At Rice Energy, we realize that this decision takes time, and requires a strong understanding of our company’s commitment to safe and responsible development.
As corporate citizens of the communities in which we operate, Rice Energy works every day to maintain a trusted, long-term relationship by operating in a way that promotes high health, safety and environmental standards for our employees, landowners, and surrounding residents. Our goal is to build long-lasting landowner and stakeholder relationships simply by treating our landowners as trusted partners.
If you own oil and gas rights and are interested in learning more about leasing with Rice Energy, please click here to submit your name, parcel number(s) and contact information.
At Rice Energy, we are committed to working one-on-one with landowners to responsibly develop our region’s vast deposits of natural gas. To ensure that we safely and compliantly pursue this endeavor, we employ high standards of environmental stewardship and financial discipline. Our goal is to ensure that our landowners, stakeholders and the surrounding community have an opportunity to capitalize on our efficient growth strategy and ability to drill wells for long-term production.
Landowners interested in becoming partners with Rice Energy must sign a mineral lease. A mineral lease is a legally binding contract that gives Rice Energy the right to extract and produce a mineral owner’s natural gas. Once a lease is signed, Rice Energy will conduct a title search to confirm mineral ownership. In some cases, property or land ownership does not reflect mineral ownership.
Once ownership of oil and gas is confirmed, signed landowners are referred to as “lessors”. Lessors typically receive an initial bonus payment for an amount agreed upon during the signing of the lease. Lessors also have the opportunity to receive recurring royalty payments based on a percentage of a well’s production, which is also agreed upon at lease signing. Once a well begins producing, the lease is generally in effect for the life of the well.