Energy Environmental Blog

Bradford, PA Commissioners Approve Lease Deal

Written by Vorys | Nov 16, 2008 10:08:21 PM

It appears that the Bradford County commissioners received favorable bonus payment and royalty terms following weeks of negotiations with EOG Resources Inc. (according to this article in the Daily Gazette).  EOG will pay the county $2.4 million to lease the gas rights on the 939 acres of land owned by the county and a 17.5% royalty.  Not bad at all.