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Permalink Reply by John Harrison on January 3, 2013 at 12:41pm

If you want to lease right now you will have to settle for a company lease and low bonus and royalty.  The very fact that Bradford County is so heavily drilled speaks volumes.  The gas companies would have us believe that perhaps the best gas in the Marcellus a mere 100 or so miles from the largest market for natural gas in the world won't allow them to ever make any money.  This will change and it will happen within a couple of years.  The fact that leasing is so difficult right now should bring the price of the land down.  You say you are looking at units/wells/production data for Bradford County, so you should be able to make a pretty accurate guess as to future value.  If you can buy the land and hold on for a couple of years I think you will do very well.

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Permalink Reply by Tico on January 3, 2013 at 1:42pm

I would look around the area you are going to buy and see if there is activity in the area first, and if Chesapeake is in the area, stay away from it, should be easy to see or ask neighbors about the wells in the area and any gathering lines, TRY TO AVOID CHESAPEAKE..

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Permalink Reply by rat hole willy on January 3, 2013 at 5:58pm

I think i would really do some checking into why it hasnt been leased yet and if it is possible to still get it into a unit before i shelled out the money . Im not saying its not possible to get it leased but i would say your chances go down everyday .

Im sitting on small parcel of land  i have not leased , I am  in the middle of a not yet made unit , i was given my last chance to lease several times and have not heard much from them in the last year or so.The survey crew was around last summer and said one of the proposed wells is going right under my land and the pad will be built in 2013 so im guessing they will be back to talk and be a little more willing to work with what i want in my lease. so i guess my point is unless  they already made the unit around that piece of property you still have a chance.

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Permalink Reply by Golddigger on January 4, 2013 at 3:13am

Just sold 10 acres, South Creek Twp., Bradford County for $47,500 with OGM's. Lease expired and no new interest to lease. Several townships in NW Bradford and NE Tioga counties that the gas companies no longer have interest in.

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Permalink Reply by Brian Day on January 4, 2013 at 3:47am

Marcellus may not be the only play in that area in the future.

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Permalink Reply by Golddigger on January 4, 2013 at 3:59am

Brian, You are correct! Future is the key word. Also a field will have timber value if you don't cut it and wait long enough. Unfortunately it won't be during my life span.

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Permalink Reply by Dave on January 4, 2013 at 4:04am

If the property is not leased, chances are the gas companies already drilled around it. Who ever owns it devalued the property by not leasing it at the right time.  The gas companies already spent the money and formed the units.  I do not think they will spend the money and come back and redo all that work for 100 acres.

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