Posted by Rollie NE PA on August 01, 2009 at 10:12:37 from (71.173.49.206):
Just a little more info on the gas lease. The lease we have was not written by the gas company but by a company called Conservation Services LLC out of Clarks Summit, PA
The lease was reviewed by different lawyers that said this is one of the best leases to protect the land owner that they have seen.
One of the members of our group also contacted the law firm of Pepper Hamilton whom also gave there approval.
The gas co. is paying 12.50 per acre for the 1st and 2nd term and 2,500.00 per acre after that.
Royalties are 20 percent with 1/2 percent going to Conservation Services LLC.
The property owner will also recieve 25,000.00 for each well pad.
The talk is there may be 1 well site every 80 acres.
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