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Join Date: Apr 2010
Location: Montgomery County, PA, USA
Joining a co-op?? What are leases going for??
I have a small camp (60 acres) in Allegany County, NY. It looks like fracking is going to pass in NY state soon, and I was approached by one of my neighbors to join an "alliance" of land owners sponsored by CX Energy from Wexford, PA, it looks as if they are a broker who shops around for the best gas lease offers. The pitch I was given is that the bigger the co-op, the more money we can eventually bargain for.
Does anyone have any experience with CX Energy, or a company like them?
My second question is, what type of money can I expect to get if I DO decide to lease? I realize that every area is different, but was just curious what the range might be. In all honesty, I'd rather keep the land for hunting & possibly retire there some day, but if I'm surrounded by wells, trucks, and drilling, I might as well join them if I can't beat them.
Thanks in advance. Uncle Nicky.
Catch & release is for guys who don't know how to cook