Has anyone heard any results from the Snyder Leasehold Sale (Armstrong, Butler, etc. counties)? Our group became part of it (400,000 + acres total), and signed leases, but no information as yet. I think we were supposed to hear something by Sept. 8.
A couple of weeks ago, landowners in our area (Butler County) began receiving offers from a landsman representing Shell. $3,000.00 per acre + 15% royalties. But since most of us are locked into the Snyder deal, we can't sign leases with another company until our Snyder leases are either accepted or rejected by the companies bidding on them.