Gas Leases

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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All my news lately seems to be coming from New York, so to add to the list…

The New York state Attorney General’s office has issued eight tips for minimizing the risk of signing a natural gas lease. Property owners in Sullivan County are now being offered land leases on their property by drilling companies.
Assistant Attorney [...]

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With the current energy crunch, could a speculative gas leasing frenzy take place in Botetourt again?
Apparently so.
Right now a similar event is under way in Western Pennsylvania. Published reports indicate that landowners have been inundated by natural gas companies seeking to snatch up mineral rights.

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By now just about everyone has heard about the natural gas boom in Northwest Louisiana, called the Haynesville Shale.
As with any boom, the talk of the town is money. Less than a year ago, companies were paying $150 per acre lease bonuses with 1/6th royalty, and now rumors are flying around about $25,000 bonuses and [...]

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Three Lake Huntington, New York government and public interest agencies have planned a natural gas drilling symposium on Aug. 19, at Sullivan West High School, from 6:30 to 9:30 p.m.
The meeting, organized by the Sullivan County planning division, the Chenango County Farm Bureau and Cornell Cooperative Extension, will focus on negotiating a gas lease that [...]

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Make copies, keep files and think about your future were three mantras recited Sunday in yet another local mineral rights meeting.

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