Comment

Comment by Bonnie Swinehart on January 28, 2011 at 2:46am

Anin Township is where we are located. PGE resinded their offer to us. I do not know why. They keep telling me, we were the only piece that did not have leased. But when we were working on the lease, they pulled out. I was not asking for anytihing that wasn't in their lease.

Comment by Craig on January 27, 2011 at 6:15pm

Bonnie,

If you are hearing this from PGE, check it yourself - they do own alot of minerals and leasing a bunch from the PPL deal, but in Mckean county, it is much more spread out than it is in Potter - they don't always surround everyone in Mckean.  In what Township are you located - I can answer in the Mckean Group, if you would prefer.

Comment by Scott Blumenstock on August 20, 2010 at 11:45am

new to the forum and looking forward to learning even more. We are up for a lease renewal along with 2 other neighbors.. does anyone have a going rate for signing bonuses? Also royalty percentages? We are located in North Fork area of Potter and they have hit several wells in the area

Comment by Bonnie Swinehart on June 10, 2010 at 2:30pm

Just spoke with someone that worked with a broker from NY. Got $5750 an acre and 20% royalies. Paid the broker firm $200.00 an acre. He is in Sullivan County.

Comment by Tom Ayers on June 10, 2010 at 1:40pm

Corner of Sweden/Homer/Summit Twps, 6 mi SE of Coudersport

Comment by Bonnie Swinehart on June 10, 2010 at 1:00pm

Where are you located in Potter County??

Comment by Tom Ayers on June 10, 2010 at 10:55am

contacted only at this point, but I understand that is about the going ratefor central Potter. We have 650 leasable acres with interested neighbors but nothing solid as a group. $400/acre sounds very low.

Comment by Bonnie Swinehart on June 10, 2010 at 3:21am

Tom, since you are still working with Chesapeake to close the deal, do you know what other people have actually gotten from them or other gas companies in the area?? where do you think your deal will close at, starting at $3000?

Comment by Bonnie Swinehart on June 10, 2010 at 2:36am

PGE is the gas company. The inital offer is $400.00 an acre. Are you in a group or going alone. How many acres do you have? How long have you been working with Chesapeake? What part of Potter are you in? I have been told PGE holds all the leases around me. The leases were part of the purchase from North Penn Gas company. PGE rep is telling me thay have paid $600.00 at the most. What are your thoughts?

Comment by Tom Ayers on June 9, 2010 at 10:55pm

Bonnie,

Forgot to mention royalty %/length...we are holding out for 18% over 5 years in central Potter. Do you mind saying what company is interested? Our area is getting interest from Chesapeake.

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