All things pertaining to the Marcellus & Utica Shale

Rockland twp leases

Has anyone in the georgetown area been contacted about leasing their land? We have 24 acres above Georgetown and are curious to know what a lease in that area is worth. We were contacted a while ago by a landman but the offer was so low that we didn't respond. In our area which is Beaver county leases are going for about 3200 to 38oo with a 20% royalty.I'm new to this site so please bear with me.

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Comment by David on January 16, 2012 at 9:20am: Hi Guys,

Not sure about the rates, but depending on your/the company approach to the land, you will most likely need a title search done for your land. My friends at Armstrong Search (armstrongsearch.com) do an excellent job with titles and opinions. Hope this was somewhat helpful!

Comment by Fang on January 14, 2012 at 5:15pm: mac,

Those figures are what I have heard also. You may hear higher figures from other areas, but they ar wet gas areas. I believe that Beaver County is in the dry gas area which is not as attractive to o &g companies right now.

More importantly, make sure you get a lease with an addendum package that makes the lease more landowner friendly.

Mark