Friday, January 18, 2008

Learn More Before Signing a Gas Lease on Your Property

  • There are several energy companies who are operating in Wayne County with the intention of leasing land for natural gas exploration and drilling.
  • Lease rates in the northern tier of PA have ranged from $50 to $750 per acre for a five year lease.
  • Leases contain a lot of fine print with many unfamiliar terms. Seek legal advice before signing a lease.
  • You can negotiate many terms in a "standard" lease to make it more favorable to you the landowner.
  • Join or start a landowner group in your area to increase your leverage when negotiating a lease.
  • Never feel compelled to sign a lease when first approached.
  • Visit http://naturalgaslease.pbwiki.com/ for more information about gas leasing.

Click here for a printable flier with the above information.