would like to know the going rates for gas lease and royaltys,in cummings tow. lycoming county pa.
Lycoming County has been averaging around $2000 upfront bonus with a high around $5000. 5yr primary terms and royalties are hovering around a high of 20%. You can follow offers as they are reported at the pagaslease.com site and clicking on the LEASE OFFERS TRACKER in the Resources Link.
Remember, the end of the year is here and offers and from our past experiences negotiations tend to peak out in late summer/early fall in this area.
Do you know the rates are now in 2010 and if there is renewed interest due to state forest leasing?
Ron Stamets said:
Lycoming County has been averaging around $2000 upfront bonus with a high around $5000. 5yr primary terms and royalties are hovering around a high of 20%. You can follow offers as they are reported at the pagaslease.com site and clicking on the LEASE OFFERS TRACKER in the Resources Link.
Remember, the end of the year is here and offers and from our past experiences negotiations tend to peak out in late summer/early fall in this area.