Tioga County, PA

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All things pertaining to the Marcellus Shale in Tioga County.

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Any updates for leases?

by Michael Sasarak

Aug 17, 2015

Bought a cabin in Tioga and the OGM's were transferred to me at the sale. I did get a confirmation letter from the gas company with them updating their records of ownership and they sent a letter of intent to renew the lease. I am just hoping they renew the lease at the amount the last 5 year lease was or more. I was told I should hear something by June/July, but haven't heard anything. Anybody else experiencing this or did you renew your lease lately?

Thanks,

Mike

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  • up

    Gary Keeney

    There seams to be more interest in the Middlebury area, but so far fairly low numbers and royalties with deductions.  Most people I talk to are holding for better.  Does anyone know of any recent no deductions leases?

    1

    Sep 6, 2016

    • up

      Call the company who holds your lease.

      "I am just hoping they renew the lease at the amount the last 5 year lease was or more."

      Michael, Don't accept a check for lease renewal if it isn't the amount stated in the lease for the 2nd Term. That's one item in the lease that companies can't ignore and force you to remain in the lease, unless you make the mistake of cashing a smaller payment.

      3

      Oct 5, 2016

      • up

        Darrell Weaver

        Given the current conditions has ANYBODY seen a new SENECA lease in Tioga County.

        I know that there is some leasing activity happening and was wondering what type of terms are being offered. I know I could go to landex and download some current executed leases, but I was hoping someone here might have some firsthand knowledge......

        Jul 20, 2022