86.41+/- net mineral acres in Franklin and Wayne Townships, Greene County, Pennsylvania. Lease offer pending for 78.49+/- acres. Lease bonus renewal due soon for 7.9+/- acres. Call for more details.
This acreage positioned such that it could get hit by laterals from the Rice Drilling—Throckmorton Unit, Irish Pug Unit and/or the Magnum Unit.
December 2018, Rice Drilling/EQT published the unit dec. for the 'Irish Pug' unit. This acreage is just outside of the eastern edge of the current unit boundaries.
Recent reports from the Pennsylvania DEP indicate that Rice Drilling/EQT is working on the southern legs of the Magnum Unit. This unit is just over 2 miles north of this acreage.
It is currently unclear what activity is happening at the Throckmorton Unit.
With the primary term expiring in May of 2019 and the acreage being within range of three active units, this listing will not be on the market long.
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86.41+/- Net Mineral Acres
Greene County, PA
Franklin and Wayne Townships
- Address: Greene County, PA, USA
- State: Pennsylvania
- County: Greene County
- Township: Wayne
- Net Mineral Acres: 86.41+/-
- Unitized: No
- Well/Unit Name: N/A
- Lessee Name: EQT
- Lease Date: 5/14/2014
- Primary Term: 5 Years
- Extension Term: 5 Years
- Royalty Rate: 15%
- Royalty Type: Gross