Gas Leases

The municipal authority agreed to start a leasing process that is expected to yield more than $2.7 million for gas rights over the next five years.
The board will lease 1,379 acres on Laurel Mountain to GFI Oil & Gas, of Williamsport, for a $2,000-per-acre signing bonus, according to executive director Timothy Resh.

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Tom Stark wrestled with a half-million dollar question on Thursday.
The Washington Township resident questioned whether he should sign with the Wyoming County Landowners Group or hold out for a better offer as he sat at a table at the Shadowbrook Inn & Resort.
As Stark weighed his options, he noted that a lease through the landowners [...]

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Natural gas wells drilled this year on Vandergrift Borough property have been controversial. When drilling one of the wells, contractors hit a pocket of methane gas from an old underground well. That caused the state to order precautions to protect East Vandergrift and Vandergrift residents living near the wells.
So there are well-founded concerns about gas [...]

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Speculators are coming in droves to western Pennsylvania where they are buying mineral rights with hopes of striking it rich.
They’re after a vast shale bed, rich in natural gas that could potentially add more than $100 billion annually to the state economy.

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Broome landowners holding the keys to lucrative natural gas fields could lose out if they don’t know their rights.
That message will be brought home once again Sept. 17, when landowners will be schooled on natural gas issues by the state attorney general’s office during a seminar at Broome Community College.

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“Are there too many zeroes behind that number?”
It’s a question Penn State Cooperative Extension educator Robin Kuleck stopped asking — wondering if that $200,000 natural gas lease she was reviewing was really supposed to read $20,000, or maybe just $2,000 — after she learned the potential income behind natural gas leases in the Keystone [...]

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Buried somewhere in his paperwork, George Prior has a mineral lease he never signed for his Hartsville property.
“I was approached a few years back, but I looked at (the lease) and thought it was all for the gas company and not for the property owner,” he said Tuesday during the Steuben County Landowners Coalition meeting [...]

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Here’s why the state says not to trust anyone who wants you to sign a gas drilling lease:
A gas company agent had just convinced an upstate family to sign. Now he was knocking on a reluctant neighbor’s door.
The agent, called a land man, wanted to squeeze the neighbor, whose daughter happened to be getting married [...]

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