Gas Leases

Listings for land are virtually nonexistent in northern Luzerne and Wyoming counties, thanks to landowners hoping to cash in on natural-gas leasing rights.
“If people want to come up to buy land, there’s really not much to show them, if anything. And that’s a factor of the gas situation,” said Donna LaBar, who owns Century 21 [...]

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From the Charleson Gazette comes a lesson: Don’t let gas men pressure you into signing gas lease contracts:

Castle and his father thought they were getting a windfall when they signed a $5-an-acre lease and promise of 12.5 percent royalties for the gas rights to 800 acres they own near Rowlesburg in northern West Virginia. The [...]

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With more than 900 oil and gas well permits expected in New York State this year and booming interest in the Marcellus shale deposit extending across West Virginia, Ohio, Pennsylvania and New York’s Southern Tier, local landowners could soon be talking like Texas oil men.
But minerals experts signal caution and urge landowners to get educated, [...]

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On Saturday, the Nottingham Gas Lease Association (NGLA) announced that an agreement has been reached, recommending homeowners lease their mineral rights to Reagan Energy Service of Lafayett, LA, working on behalf of the driller, Carrizo Oil & Gas.
Nottingham Estate is located in the northern portion of Grand Prairie in an area north of Johnson Creek [...]

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According to this report in the Cincinnati Enquirer, gas lease fever has begun hitting Lousiana:

The recent announcement of a large natural gas deposit in northwest Louisiana that’s being described as one of the richest onshore fields of natural gas ever discovered in the United States could be this century’s gold rush – or a fool’s [...]

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A coalition of about 300 property owners near Deposit and Sanford have struck it rich, and the drilling hasn’t even started yet.
The coalition will be accepting a deal collectively worth nearly $90 million — to be paid to property owners in lump sums this year — to allow natural gas companies drilling rights to their [...]

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Just thought I would pass along this news clip I was able to find online covering a gas lease seminar in Binghamton, New York. It includes a nice interview with gas lease lawyer Lillian Levy.

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That’s all for now, hope you enjoy!

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From our friends in Binghamton, New York we have more good advice about signing gas leases and a few stories about the trends in royalty and bonus rates. This isn’t the best story I’ve seen but I figured I would pass the information along anyway:

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Months of toil came to a end May 3 as members of two gas-lease-holdout organizations celebrated their success in earning the highest offer for a gas-lease bonus in Metroplex history.
Members of the Burleson Community of Gas Lease Holdouts and Central Burleson Holdouts will receive $27,200 per mineral acre and a 25.25 percent royalty from Chesapeake [...]

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Our friends at the Northern Wayne Property Owners Alliance is once again kicking butt and taking names when it comes to putting the power over the gas leasing explosion in Pennsylvania squarely where it belongs, in the hands of land owners.
NWPOA has pooled together around 1,000 property owners with a total of 70,000 acres of [...]

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