87.5% operating leasehold interest in approximately 208+/- acres in Darlington Township, Beaver County, Pennsylvania.
Lessor has leased 208+/- acres to Jennings O&G (our client) for shallow production. The Coles Well has been drilled 7000' and is yielding $1,200/month revenue under gentle production oversight. A 1.5 mile, 4' pipeline connects to the Peoples Gas Pipeline. 20% porosity. House gas and 1/8 royalty stays with surface owner.
Inventory included: Lease, Tank, Separator, Wellhead, and Pipeline.
Owner open to creative acquisition suggestions.
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208+/- Net Mineral Acres
87.5% Working Interest - Conventional Well and Operations
Beaver County, PA
- Address: Beaver County, PA, USA
- State: Pennsylvania
- County: Beaver County
- Township: Darlington
- Net Mineral Acres: 208+/-
- Unitized: No
- Well/Unit Name: N/A
- Lessee Name: Jennings O & G
- Lease Date: HBP
- Primary Term: HBP
- Extension Term: HBP
- Royalty Rate: 87.5% Working Interest
- Royalty Type: Net