The Brooke County Park Commissioners as well as West Liberty University got $5000 per acre with 17.5% royalty lease bonuses with Chesapeake.
Let's keep this in mind when negotiating our oil and gas leases.
What do you guys think about this?
Tags:
Permalink Reply by paul geiger on September 5, 2011 at 4:50am I just posted this on the Guernsey county oh under best prices, we have some land groups that have to make a decision in September
Permalink Reply by Len Bywaters on September 6, 2011 at 2:52am
Permalink Reply by Todd on September 19, 2011 at 9:54am Brooke Hills Signs Chesapeake Lease
Will allow drilling on park land for money to pay operations costs
February 26, 2011
By WARREN SCOTT
Save | Comments (4) | Post a comment |
WELLSBURG - Officials with Brooke Hills Park have signed a lease agreement allowing a natural gas company to drill in the area of the park, citing a need for more money to operate the park.
Drilling, overseen by Chesapeake Energy, could occur on 51 to 227 acres of the park. The park could receive $5,000 per acre in lease revenue, according to the minutes of a special Jan. 5 meeting of the Brooke County Park and Recreation Commission, which oversees the park. No information regarding royalty rates to be paid on potential gas production was provided.
Permalink Reply by Todd on September 19, 2011 at 9:56am
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
| h2 | h2 | h2 |
|---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com