A coalition of 300 landowners holding 37,000 acres in the Binghamton, NY area accepted joint venture partners XTO Energy and Whitmar Exploration's offer of $2,411 per acre for a 5 year lease with a 5 year option for an additional $2,411. Royalties are set at 15%.
Full Story http://www.pressconnects.com/apps/pbcs.dll/article?AID=/20080512/NEWS01/805120348&referrer=FRONTPAGECAROUSEL
Monday, May 12, 2008
XTO/Whitmar Agrees to $2411/acre for NY Landowner Group
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