Replies to This Discussion

Permalink Reply by Sinclair on December 10, 2009 at 7:06am

I would like to know too! I believe it is somewhere between 150 and 6,000 statewide, know someone in another county that received, 5,900 for 5 yr lease.

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Permalink Reply by Mike C. on December 10, 2009 at 1:08pm

it depends on where you are located. Last I heard its between a couple hundred and a thousand dollars.

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Permalink Reply by Gerald McFeely on December 10, 2009 at 4:44pm

I wonder what my parents will get. They own around a little over 2 acres. They were initially told like 250 and acre. My brother says they can get thousands. Its this correct?

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Permalink Reply by Country Bumkin on December 11, 2009 at 6:57am

I believe it's what you accept as a "reasonable" offer. If there are folks accepting low lease rates, that's what will be offered across the county b/c the O&G companies aren't going to offer you any more than they have to. I think how closely your property is to existing pipelines makes a huge difference too--just my two cents.

I would recommend doing as much research as possible of all the leasing across the state and try to self assess your property and stick to you what you believe it's worth. Land agents are shopping for the best deal for them not you.

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Permalink Reply by Allen Gourley on December 12, 2009 at 5:49pm

Clearfield County is being leased at the rate of $1,000 to $3,000 per acre for larger viable tracts near pipeline systems with capacity.

Size matters (bigger the more valuable) and this is for a paid in full 5 year lease.

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Permalink Reply by rob grant on January 11, 2010 at 6:06pm

well put, i feel if you hold less then a section (640 acres) a group may be your best route.

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Permalink Reply by terry hazlett on January 16, 2010 at 3:39am

Janice, where is your group located? ( COUNTY WISE)

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