© Copyright 2009 The Times Leader. All Rights Reserved.
The Times Leader 15 N. Main Street Wilkes-Barre, PA 18711
(570) 829-7101 or (800) 427-8649
Northeastern Pennsylvania's Home Page
By Rory Sweeney rsweeney@timesleader.com
Staff Writer
ROSS TWP. – For a limited time, landowners looking for a natural-gas drilling lease have a commitment-free offer to get a low-cost lease negotiator.
The Columbia County Landowners Coalition has a secured a consultant from Texas to negotiate a deal, but he’s starting soon and only doing it once.
The consultant, who has experience with fossil-fuel wells in the Midwest, is charging $1 per acre and expects to begin negotiations at $2,900 per acre for sign-on bonuses and extraction royalties of 18.75 percent, the executive committee of the Southwest Ross Township Property Group announced at a meeting on Tuesday evening.
Those figures exceed the usual for contracts inked in this region.
The Ross group, led by the committee of eight volunteers actively researching the situation, has been holding meetings to explain issues regarding gas leases and sign up landowners within its borders. It’s focusing on a roughly 10,000-acre region and hopes to amass a no-commitment membership of at least 4,000 acres within there.
The Columbia County offer is extended to interested landowners in the vicinity, including the Ross Township group and one in Fairmount Township. Landowners can sign up at the coalition’s Web site, but they must act soon.
According to the Ross group, the coalition expects to begin negotiating in a matter of weeks and hopes to have a contract to sign by the fall. And the consultant, who is doing a favor for a friend, plans to return to retirement after completing the deal.
If it sounds too good to be true, the suspicion might be warranted. The Ross committee acknowledged that the timetable is more rushed than they’d prefer, but they argue that there’s no commitment and people can opt out if they dislike the negotiated deal.
According to the committee, the Columbia County group is moving quickly because sign-on bonuses are considered regular income, and the group fears the changing political climate next year will mean tax increases for upper tax brackets.
The Southwest Ross Township Property Group is holding its next informational meeting at 7 p.m. July 29 at the Sweet Valley fire hall on Main Road.
J Summer said...
People, please study the effects of drilling before you sign a lease. Constant noise, air pollution, groundwater contaminated with toxic chemicals, constant truck traffic, ruined landscape and quality of life for you and those around you. Just be aware, that's all. Check out GasDrillingTruth on the internet.
July 24, 2008 at 6:50 AM
STEVE DIBBLE said...
I own gas/oil and mineral rights on 50 acres in Potter County PA. Can you direct me to who I need to talk with about leasing these?? Your help would br greatly appreciated!! Sincerely; Steve Dibble
August 2, 2008 at 4:15 PM
Kathy Sopko said...
Can anyone tell me who we need to contact. Out neighbor had signed up for his land to be drilled on we surround his land and understand we may be entitled to royalties as well.
September 5, 2008 at 10:36 AM
Most Viewed 5M News Stories in Past 7 Days
1. Shickshinny man faces child porn, sex charges
2. State police Shickshinny to offer child car seat inspections on Friday
3. ‘Vine’ way to promote wineries
4. Store clerk faces trafficking charges
5. Board rejects teachers’ pact
6. Two found dead in Glen Lyon
7. Cops say teen shot, injured 3
8. Bar sued over woman’s death