I would like to know...

We purchased land last year in Tioga County that came with a presigned land lease from 12/07. I have no idea if drilling has begun and if we need to do anything. We've started receiving documents from EAST Resources and ULTRA Resources, which we haven't signed, as the royalties % being offered is really LOW! Anyone have any information to pass along, as well as the name of a reasonably price attorney in Wellsboro?

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Comment by Christopher S Gilbert - Realtor on February 10, 2010 at 4:45am
they are interested in southeastern and the central areas of the co but you need to have a block of 320 with you and your neighbors
Comment by Stephanie on February 10, 2010 at 2:28am
We own 5 acres and it is in Tioga County, Wellsboro, PA. Wow...$5000 per acre, that's incredible. Where are you located?
Comment by Christopher S Gilbert - Realtor on February 9, 2010 at 4:09pm
You did not say how many acres you have. There is a new lease company Williams natural Gas/Thomson Development who is talking about $5000 per acre and 20% in some areas. Where is your property located? I spoke with their landman today!
Comment by Dr. Chris Oliver on February 9, 2010 at 6:19am
Question: Does the land you purchased have the mineral rights with it or did the orginial owner keep them.

Question: Is Tioga in PA or NYS? if NYS they have what is called compulsatory Intergration which basically means if a land owner did not sign a lease with the gas company then the state requires them to offer the land owner a low % (I think 12%) and they must respond with in a short time period or they could lose out.

Hope this helps!
Comment by Keith Mauck (Site Publisher) on February 9, 2010 at 3:28am
For future use, you may want to post in the forum on the main page or the Tioga county forum. Thanks.

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