Benton M. Arnovitz
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Introduce Yourself
In the mid-1950s my now-deceased father purchased seven 1/64th shares in oil and gas lease assignments: four in Redbank Township, Clarion County; one in Eldred Township, Jefferson County; and two in Summit Township, Erie County. My siblings and I are heirs. A few of the documents have named wells typed at the top of the assignment. As nearly as I can recall only one of these ever paid out even a tiny, one-time royalty. I see no sunset provisions in the documents, and would like to investigate, as inexpensively as possible, whether these assignments have any current value and, if so, how most effectively to realize it.
What is your role?
Other
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus, Utica

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