Posted by TK-NE-PA-51 H on August 08, 2008 at 09:35:34 from (205.238.242.82):
I"m sure that there are some on this sight that have had some experience with the oil and gas leases. I live in Bradford Co. PA, there is a lot of activity in this area lately, seems they think this is a hot spot for natural gas drilling, there have been some very good wells drilled so far. I have not signed yet but neighbors around me have, I have 32 acres and the going price for a lease is around $2,800 pr acre and 17% royalties. If I dont go for a lease and they drill on land next to me I wont get paid for the gas under my land. I don"t think that my rugged mountain land is very accesable to a drilling operation, so I am not worried about them drilling on my land, but the farm next to me looks like a possible drilling sight. Anyone have any info or advise on this topic. Thanks in advance. Tom
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