Pennsylvania Landowner Group Signs Large Deal

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.

Full Story at http://www.timesleader.com/news/Wyoming_County_landowners_sign_brokered_gas-drilling_lease_deals_08-13-2008.html