Re: New gas Lease??
Contact some of your neighbors and see when they are expiring, the more land, the more bargining power you'll have or what they recently got..... Also when you go to sign the new lease have a lawyer (who specializes in GAS leases) go over it. Put in any provisions you want to, (ie- a no drill clause, no pipelines, etc) Depends on what you want, I would also try to include the Pugh (sp?) clause, which states that if they tie up some part of your property in a drilling unit, they can't stop you from leasing the other part if the lease come up again. This will ensure you have a greater chance of seeing some royalties. The companies are sinking wells, capping them and locking the landowner in with no royalties (for the short term) at times because they can't drill fast enough and get the infrastructure in place in time before the leases end....good luck.
Bradford County WMU3C