Okay everyone, the gas lease business has slowed down because of the low cost od natural gas. We had a great winter to save fuel this season. So I'm assuming the LAnd Companies are taking a stand, "we don't need you, natural gas is low. You land owners should pay us to drill."
We all know natural gas will go up. It will be in more demand than ever before. Seems things like the proposed " Shell Cracker Plant" is on it's way (2016 probably). Here in PA or really close. Gasoline is high and maybe we will seriously start looking at switching to CNG vehicles.
My lease is over in 3 years and I'm hoping they have to renew the lease. Nothing is happening close to me. They drilled a mile and half away and left. I don't think they fracked. It might be 20 years from now but someday some one will be fracking under me. When does everyone feel the good prices for leases will spike again ?
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