Friday, August 15, 2008

All in All It's Just A

nother Brick in the Wall

The Susquehanna River Basin Commission announced today that effective October 15, all natural gas well development projects in the basin will require its prior approval regardless of the amount of water used.

Full Story at http://www.srbc.net/whatsnew/newsletters/article_10.asp

Thursday, August 14, 2008

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