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Permalink Reply by Robin Jackson on March 4, 2011 at 4:04pm

Ours covers all..Makes one wonder why we didn't hold out for a much longer time..

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Permalink Reply by Mike Knapp on March 5, 2011 at 3:51am

Almost every lease that has ever been signed is an "oil & gas lease".  

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Permalink Reply by Henry J. Cittone on March 5, 2011 at 10:25am

They are taking both, they condense some of the gases coming up into oil, leaving the gas vapors to be sold as natural gas, so I suspect every lease is both oil and gas. 

 

Last news I saw some weeks ago on CNN was that currently the oil is what is saving the gas co's bottom line because natural gas is in a bit of a slump.

 

You should have some lease provisions regarding calculating payment for the oil in there someplace.

 

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Permalink Reply by beth hamm on March 5, 2011 at 1:35pm

just seemed odd that they are listing it as "oil lease" now instead of "gas lease"

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Permalink Reply by Robin Jackson on March 5, 2011 at 2:05pm

Beth, you can go to the Dept. of Enviromental Protection and check out the maps that show where Oil is in Pa..most of it is on the border of western Pa in to Ohio..Several companies have pulled away from our area to go do the Oil (where the top dollar is now) versus hunting for NG (which is low man on the totem poll right now) it is all about money..

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Permalink Reply by Charles Judge on March 5, 2011 at 2:27pm

What you lease depends on how you write your addendum not the title Oil and Gas Lease. If you sign what Landsman hands you you leased or contracted everything gas oil and hydrocarbons from surface to the center of the earth and possibly"all minerals"..

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