East Resource - The HuntingPA.com Outdoor Community
 
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post #1 of 6 (permalink) Old 10-24-2009, 12:29 AM Thread Starter
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East Resource

We were contacted by i think East Resource about leaseing our property. Does anyone know anything about them?
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post #2 of 6 (permalink) Old 10-24-2009, 12:53 AM
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Re: East Resource

They seem to be the prominent gas company in Tioga/Potter area right now
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post #3 of 6 (permalink) Old 10-24-2009, 02:27 AM
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Re: East Resource

We signed a lease summer of 2008,to be paid by end of Oct.2008.2500 an acre 15% royalty,Turns out they over extended themselves.We did not recieve payment. In the spring they they offered to pay us half of the 2500 and increased the royalty to 16% we opted to get our lease back then signed with fortuna,So be careful of East resources.
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post #4 of 6 (permalink) Old 11-10-2009, 01:55 AM
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Re: East Resource

They have all the ground surrounding our family property leased here in Clearfield.....

"Most people miss opportunity because it comes dressed in overalls, and looks like hard work"
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post #5 of 6 (permalink) Old 01-18-2010, 11:15 AM Thread Starter
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Re: East Resource

They gave us their final offer....1500 acre and 15%. They said they have have all the proerty they want right now and they are going to drill 200 wells this year..Not sure what we are going to do.
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post #6 of 6 (permalink) Old 01-21-2010, 10:44 AM
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Re: East Resource

Latest land lease here in Bradford County is $6500 per acre/ 20 % royalty.
It should be noted that the majority of the land here is already leased, but people with a decent amount of land who held out , are getting pretty good money right now.
They are paying people with 1 or 2 acres around $5,500 per acre

Your never to old to learn something stupid
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