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292 Posts
We were contacted by i think East Resource about leaseing our property. Does anyone know anything about them?
East Resource
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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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5,884 Posts
They have all the ground surrounding our family property leased here in Clearfield.....
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292 Posts
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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8,142 Posts
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
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
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