Going prices of gas lease?

We had someone from Southwestern Energy stop and wanting us to sign a lease.

$500.00 an acre/15% royalities

Should we look around more or sign?

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Permalink Reply by Z3z528 on March 21, 2014 at 3:00am
First off where are you located? County, township. I would most likely hold off at those prices no matter where you are located tho
Permalink Reply by Bill Barnaby on March 21, 2014 at 3:10am

$500 an acre what a deal.... in 2009.

Highly depends on your area also, you could be in an awful spot, you could be in an amazing spot 5 years from now.

I have seen lease offers from $10 an acre to $8000 an acre.

Permalink Reply by keri alexander on March 21, 2014 at 3:18am

Tioga county...morris township

Permalink Reply by Alan Bowers on March 21, 2014 at 5:02am

Lycoming County PA is just to your south. Check out the Lycoming County section on this web site. Look at the wells drilled in that county and the prices paid. Then check out who the players for those wells are. Then, with the list of players, contact Tioga County Recorders office,

Chief Deputy: Nell E. Jones
Deputy: Tina M. Rothenburgh
Deputy: Lori A. Kriner
Hours: 9:00AM - 4:30PM M-F

Address:
 

Register and Recorder

Clerk of Orphans' Court
116 Main Street
Wellsboro, PA 16901 

 

Phone:

 

(570) 724-9260

ask them if you can search the records via a web site or do you have to go down to the office and use their computers to access the records....(continued in next post)......

Permalink Reply by Alan Bowers on March 21, 2014 at 5:11am

Search each of the names of the drillers you have found for activity of Leases in your county. If you see a lot of leases recorded in your area it is an indication that the land in your area is in play.

Try and get some feedback from landowners that have signed leases in Lycoming County whereas that area has been in play for several years. Feedback from other Tioga County landowners may also prove helpful if there has been activity in your county.

The offers typically start low. Also, pay attention to the Landowner Bill Of Rights moving through the PA Legislature. Lending your support by contacting your State Representative may also assist you when it comes time to sign a Lease, if you choose to do so.

Permalink Reply by Alan Bowers on March 21, 2014 at 5:28am

Looks like there is also a Tioga County PA section on this site with a good deal of info too......

Permalink Reply by cj wyalusing on March 21, 2014 at 9:52am

 A friend of  mine last month  signed with swt in susquahana county 20% 5 years 15oo.00 

Per acre .if that helps any

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