Posted by s.crum on December 23, 2011 at 15:01:25 from (67.142.182.22):
In Reply to: OT: Gas lease in PA posted by TomH in PA on December 23, 2011 at 14:40:01:
I understand they have paid as high as $7,200 per acre in northern Pa. Everyone's trying to get on the bandwagon especially the state and federal goverment who are taking a big chunk of it. Chesapeake is doing mostly drilling and capping trying to get as many holes in the ground as they can before the political climate changes. Infrastructure will come later. I haven't leased yet and don't really care to. I've been told if they drill in my yard tomorrow I likely wouldn't see any income from it for 10 to 15 years if I ever did. Not as many getting rich as everyone seems to think. Most of the take will be shipped to China anyway.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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