In recent months, many landowners have been contacted by "landmen" looking to lease gas rights. Only a few months ago, the offers were $150 per acre and 12.5% royalties. Currently, several gas companies are offering $2500 per acre and 15% royalties in the Town of Binghamton. The gas companies have considerable interest in the Marcellus Shale formation. There are many things which must be considered before signing a lease, the bonus is only a small part of the deal.
Some of our neighbors in surrounding counties of New York and Pennsylvania have been contacted by gas companies long before us, so there is a lot to be learned from their experiences.
Below is a list of links which are helpful in this process.
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This site was last updated 05/16/08