Replies to This Discussion

Permalink Reply by Christopher S Gilbert - Realtor on January 7, 2010 at 4:11pm

Prolly East Resources would be your best bet! In Brookfield, check with NOVUS and Penn-Virginia (I think that is the name). East is the dominate player in Tioga County. They seem to be paying $1500 with a 15% royalty most places.

Permalink Reply by Brian Day on January 13, 2010 at 2:04pm

A tract of State Forest land of a little over 10,000 acres was just leased by Seneca in Tioga County for $4,625 an acre. I am not sure of the royalty amount, but the State would not accept less than %18 on the bids I think. The land is located north of Route 6 and south of Route 249. It is part of Middlebury, Chatham, and maybe Delmar townships. The tract is number 007. This information came directly from the State
Forest website. I should think this would set some kind of benchmark value on leasing in the area.

Permalink Reply by Daniel Natirboff on January 20, 2010 at 5:21am

What company did your brother-in-law sign with if you do not mind me asking?

Permalink Reply by Theodore Koncsol on January 21, 2010 at 6:52am

There have been failures. Not to the degree where they won't produce, but in southern Tioga near Troy, a company capped a site due to hitting salt. They know the gas is there but went somewhere else rather than incur damages to equipment.

I don't think it's entirely fair to say that it's 100% garunteed. The only thing for sure is death and taxes.