Join our newsletter and get a free copy of "Maximizing Your Minerals"

Discover how you can:

  • Negotiate the best lease for your minerals
  • Understand how the oil companies work
  • Prevent costly mistakes

*Your information will not be shared with others.

Marcellus Shale Oil Company Secures North Fayette Lease

by Kenneth E. DuBose on July 16, 2010

North Fayette signs lease agreement with Range Resources:

With a Texas-based energy-drilling company securing leases to explore local Marcellus shale deposits, North Fayette Township officials wanted to make sure they could accomplish two things — regulate drilling on township property and get a piece of the potential windfall. North Fayette supervisors accomplished both this week, securing a lease with Range Resources that permits the company to drill horizontally into township property — but not on it — and ensures that the township gets a flat per-acre payment and a share of any sales of natural gas that Range Resources extracts from the property.

Full Article: Range Resources Secures Fayette Lease –

    Previous post:

    Next post: