Monday, July 28, 2008

Gas leases for all of West PA reach $2,500/acre

Link to a map showing the extent of the new gas fields and information:
http://www.cas.psu.edu/spotlight/natural-gas-leasing_20080508.pdf

Lease rates have recently gone from $300/acre to $2,500/acre. That does NOT include the royalties, that is just the upfront cash for the rights to drill.


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