Timeline of leasing activity...
 
Year of offer Lease per acre Year Auto renew Royalty /with deductions   
December 2006  $ 25.00 10 Y 12.5  Y  
July 2007  $ 50.00 10 Y 12.5  Y  
December 2007 $250.00 7 Y 12.5 Y  
January 2008 $375.00 7 Y 12.5 Y  
March 2008 $1.500.00 7 Y 15 Y  
July 2008 $2,250.00 5 v 16 Y  
December 2008 $2,750.00 5 Y 18 Y  
March 2009 $2,750.00 5 N/Y 18 N/Y  
July 2009 $5,750.00 5 N 20 N  
December 2009 $5,750.00 5 N 20 N/Y  
Jan. - Dec.  2010 $4,000.00 5 N/Y 18- 20 N/Y  
From December 2010 - April 4, 2011  (today)  -- Sporadic parcels are being leased as fill-ins at $3,750 to $5,750.00 an acre
 

Natural-gas-drilling companies eye more land in Wyoming County
By Patrick Sweet (Staff Writer)

Published: July 4, 2010

Complete coverage of natural gas drilling in Northeast Pennsylvania including recently updated searchable database of natural gas drilling leases for Lackawanna, Luzerne and Wyoming Counties Natural gas companies have acquired the mineral rights to nearly two-thirds of Wyoming County in less than five years, and now they are looking at the rest.

"Our world, right now, is Wyoming County," said Steve Myers, director of land and legal affairs for Citrus Energy Corp. Strong gas
production from wells in the northern part of the county has sparked stiff competition between gas companies trying to lease as many
acres as they can.

"Obviously, (you get) good competition when you've got good production in an area," Mr. Myers said.
 

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