Coudersport Shop n' Save

Stoltz Cars

Stoltz Cars

Howard's Inc, Coudersport, PA

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Sunday, May 25, 2008

Gas Lease Prices Can Vary Hundreds Of Dollars

Sunday, May. 25, 2008

NATURAL GAS RUSH

- Centre Daily Times

Snow Shoe Township resident Don Morgan thought $200 an acre for gas rights to his 48-acre property sounded like a good deal, especially compared with the $3.50 an acre he gets each year under a soon-to-expire lease.

Then he heard about other landowners getting offers of $600, $800 and even $2,500 an acre in some places.

“I don’t feel like I was ripped off, but you feel like you got left out,” said Morgan. “I did what I thought was the right thing at the time.”

He’s one of many Pennsylvania residents flooded with offers from gas companies combing the state in hopes of tapping into gas reserves.

Natural gas is a hot commodity. Demand is climbing for energy — particularly clean-burning energy that doesn’t have to be imported — and natural gas prices have increased sharply, if not steadily. Read more in the Centre Daily Times.

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