Hello all…. I own a small chunk of land (6.6
acres) in Tioga Co. PA. I thought I was to small of a landowner to get noticed
by the gas companies, but last week I had a rep from Eastern Resources track me
down and offered me the current offer of $1500/acre, 15% royalties and a term
of five years. 

My question is where do I start? With only having 6.6 acres and the price they are offering (which
appears to be firm) will it even be worth it after lawyer fees and taxes?

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there is a Land owners coalition in tioga county , contact them ASAP and see what they say first

http://www.tiogagaslease.org/associations.html


they will get you the best deal... odds are you are being shoret changed as prices are now 2500 + and 20% +
Thanks for the link, but I am down in Tioga Co. Pennsylvania, not Tioga Co. New York.... I wish the prices were $2500+ down here.
You are close enough to the fairway for the Marcellus slesae, but you are just about midway for the UTICA shale and also a couple of other shale plays..

these are very recent leases


Albright WV 26519 N/A $700 No Answer 5 4/10/2009
Alma WV 26320 McElroy District N/A N/A N/A N/A
Amity PA 15311 Amwell $1,000 16 5 9-Oct
aston PA 19014 sullivan 2500 16% 5
aston PA 19014 sullivan 2500 16% 5
Bethany WV 26062 Brooke 1500 15 5 10/31/2008
Brackney PA 18812 Silver Lake Twp $5,500 20 8 Oct. 10, 2009
Clarks Summit PA 18411 Ransom 5750 20 5
cogan Station PA 17728 Eldred $5,000 12.50% 5 Jul-07
coraopolis PA 15108 Middlesex 1500 15% 5 Nov-09
Dallas PA 18612 Forks $5,000 20% 5 10/9/2009
Dallas PA 18612 Forks $5,000 20% 5
deposit WV N/A Sanford <500 15% 5
easton, PA 18040 Silver Lake $2,700 18% 7 Mar-09
Eighty Four PA N/A North Strabane $2,000 16 5 1/25/2010
Friedens PA 15541 Stonycreek 1250 15 5 Jun-08
Greensburg PA 15601 Unity $200 14.5 5 No Answer
HOP BOTTOM PA 18824 BROOKLYN 6000 21 5 2/7/2010
Hughesville PA 17737 Upper Shrewsbury 1500 15% 5
Hundred WV 26575 battle district 1000 15 5 Sep-09
Lewisberry PA 17339 Middlebury $60 12% 5
marshall county WV N/A N/A $766.60 N/A 7 Dec-09
Meshoppen PA 18630 Auburn 2500 16% 5 + 5 10-Jul-09
Middlebury Ctr. PA 16935 Middlebury $50 12.50% 5
monroeton PA 18832 Franklin $2.00 12% 5 Jun-05
MONROETON PA 18832 MONROE TWP $2,750.00 15% 5 JUNE 9,2008
Montrose PA 11801 Jessup 6,000 21 5 9 18 09
Morgantown WV 26501 Greene $1,000 12.50% 4
No Answer PA N/A Cecil 4,000 17.5 5 7/15/2008
No Answer PA 16901 Charleston and Wellsboro 1500 15 5
No Answer PA 16053 connoquenessing $500 12.5 5 11/3/2009
No Answer WV N/A Marshall County, Cameron District $2,000 17% 5 12/19/2009
No Answer PA N/A Mcnett $2,000 15% 5 1/20/2010
No Answer WV 26149 Meade $500 12.50% 10 Sept, 2009
No Answer WV 26554 N/A N/A 12.5 5 Feb-10
Tioga County PA N/A Sullivan Twp 350 12.5 5 2006?
Warren Center PA N/A Warren Center 5500 20% 5
Oceanview PA de 19970 Cummings 1150 16% 10 10/30/2009
Paoli PA 19301 Farmington and Middlebury $1,500 15% 5
Renfrew PA 16053 Froward 1500 15 5 1/29/2010
Towanda PA 18848 Asylum N/A 12.5 5+5
Towanda PA 18848Clymer $1,500 15% 5
Trout Run PA 17771 Gamble $2,750 17.50% 5 Aug-08
Tunkhannock PA 18657 East Lemon 5750 20 5 9/15/2009
TUNKHANNOCK PA 18657 EATON (COUNTY WYOMING) 5,750 20 5 9/27/2009
Tunkhannock PA 18757 Tunkhannock 5,750.00 20 5 Sept 1,2009
Tunkhannock PA 18657 Tunkhannock 5750/acre 20 N/A Sept 16,2009
Uniondale PA 18470 Herrick $5,500 20% 5 End of Septem
Watsontown PA 17777 Muncy creek $1,500 15 5 1.5 yrs ago
Wellsboro PA 16901 Delmar $1,500 15% 5
Wheeling WV 26003 Triadelphia District $1000/acre 12.5 5 Feb-09
Williamsport PA 17701 Penn $2,500 15% 1 11/2/2009
Wyalusing PA 18853 Herrick $5,500 20% 5 10/9/2009
xxxxxxx PA 19063 Franklin 5,000 20 5 9-Jun

see if you can find something close to you...
if you are close the the 5k leases, chances are you should be getting the same..
Also only pay attention tothe late 2009 and 2010 leases.. don't worry toomocu about anything before..
Based on the Geological maps I have , you are in an excellent/if not best area for drilling for sevreal reasons.. I think they are trying to get you cheap... is this a gas company or a landsman? be very careful, they are 2 seperate animals... and should be treated as such...
Ok further research puts yo uin the best possible area for drilling, what they call Tier 1 Acreage
http://homepage.mac.com/rgerard2/nygaslaw/Bern%20June%204th.pdf

read this..
Thanks so much for the information.... I guess I was approached by a landman who is representing East Resources Inc.

Since I only own 6+ acres can I really hold out for a better offer, if everyone else around me signed with East?

I do know that a large tract of land that borders mine has a lease with EAST; that expires in January of 2011, and no activity has been started as of yet.
Wm Robert. if they need you to fill in a unit you may be in a profitable position, being east has leases around you,they may need you more than you need them!
again talk to your land owners group... can't hurt..
Robert, Don't think of it as "only" 6.6 acres. Think of it as 6.6 vital acres that East needs to complete their block.

Also, you said their offer "appears to be firm". What I learned this past fall while going through negotiations with a different company is that things aren't always as "firm" as they say. When I stood firm on a few issues the company gave in to me (and my attorney). It could be well worth the attorney fees and taxes.

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