Submitted by rlasky on Fri, 08/15/2008 - 8:11am
Last evening, a Wyoming County, PA landowner group with 45,000 acres signed up for $2,850 per acre for a 5 year leases and a 17% royalty. The deal also includes two 1 year extensions at $1,000 per acre per year. The Lessee has yet to be named but, according to those who brokered the deal, a letter of intent from an E & P company is on the way.
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