Activity in Franklin Township

Does anyone know the current situation in Franklin Township.  We own 1/4 of 50ac, not the surface, & were offered $1k/20%/5yr+3yrs.  Is this the current going rate?

Thanks

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Replies to This Discussion

Permalink Reply by Guy Smith on February 2, 2012 at 4:20am

Got an offer for $1K per acre per year 20% no surface from Tanglewood.  A week later was contacted by EQT about the same property to revise a HBP lease.   Alot of Franklin Twp is HBP are you sure your property is not already Held by Prod?

Permalink Reply by Ron Hall on February 2, 2012 at 4:33am

What company?  I have part of 80 acre mineral rights with rest of family in Wayne twp and was offered $1/12.5%/5yr+ by Northeast Natural Energy but  ownership wasn't complete yet so now on hold since first part of Jan. '12.

Permalink Reply by Guy Smith on February 2, 2012 at 4:40am

 All my offers have been 18-20%...  I would not settle for 12.5% 

Permalink Reply by Ron Hall on February 2, 2012 at 4:48am

Thanx Guy...i thought i could do alot better.  Anyone dealt with Professional Land Resources LLC, or Northeast Natural Energy LLC?

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