Property values have gone way up in W Pa where the boom has boomed. Land is now hard to find that is being sold with all rights. Much land can be bought with the rights not transferred with the sale. This land is being sold for roughly the same price before the boom.
One thing I would caution any buyers of land that is already leased is to study the existing lease very carefully, even if the rights do not transfer with the surface ownership. If the lease is a standard lease written by the O&G company with out the proper addendum can lead to many problems when the drilling starts. You may end up with regional ponds, compressor stations, multiple pipelines and more.
People that have signed a landowner unfriendly lease may have damaged the value of the property even if the rights transfer with the surface. As people become more aware of the potential problems in a bad lease they will less likely buy land under such a lease.
I have been looking in W. PA and E. Ohio at land in large acres. You cant really find anything with all mineral rights and no current leases. You can find some large acres but they are signed up with a current lease or dont own the mineral rights.
It's a trade off, right? Yes, perhaps the surface has become less valuable but the increased sub-surface value more than makes up for it. I'm now leased and one day my surface land might become unsightly. Maybe I'll lose some timber. Maybe I'll have to move my honeybees elsewhere. And for sure, the deer hunting will probably be not as good, possibly even non-existent if a well is drilled. But who cares! I would be pocketing between $100,000 and $250,000 per year in royalties. Overall, my quality of life would be vastly improved.
You would most likely go to the Carribbean and settle down. (Like me)
Buy your own little island...have the island girls take care of you (and your wife)
Dreams can now come true!!
I like the way you're thinking...
Hey, you guys mind if I dock my yacht on yer island for a day or two?