Re: OT - Gas Oil leases (long post)

Posted by Bill in NorthCentral Pa on March 22, 2006 at 08:25:37 from (209.50.143.180):

In Reply to: OT - Gas Oil leases (long post) posted by Hurryin_Hoosier on March 21, 2006 at 18:22:21:

I think the comment about not drilling on your property was a good one. If the gas deposits go under your property, they will just take the gas anyhow. If I didn't want the well on my piece, I would sign on for lease rights only. In PA, they put us into 640 acre chunks. If they hit on the chunk you belong to, everyone gets paid a percentage of 1/8. If they hit on your specific property, you get paid more (1/8 outright).

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