Paul geiger's Blog – August 2011 Archive (2)

Money can do wonderfull things

Please read the last sentence

A group of more than 400 Carroll County property owners has signed a lease agreement with a Pennsylvania oil company, earning $40 million in bonus money in the deal.



The group, called S.U.R.E. (Standing United Really Excel), signed the agreement June 1 with Rex Energy of State College, Pa.



The members — living in Washington, Augusta, Harrison, Center and Union townships in the central part of the county —…

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Added by paul geiger on August 30, 2011 at 7:30am — No Comments

$ 5750 With out the oil

Found this OTE: Group signed lease with Chesapeake, terms: $5,750/acre and 20% royalty (see website for details)
Area covered: Wyoming County PA
Membership: 45,000+ acres

Added by paul geiger on August 19, 2011 at 8:35pm — 5 Comments

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