BFS14-0365

124.57+/- Net Mineral Acres
Tioga County, PA
Delmar Township

124.57+/- net mineral acres in Delmar Township, Tioga County, Pennsylvania. This acreage is leased with Shell at 12.5%, gross. 124.57+/- acres are in the Topf Unit—vertical deep well. This unit is currently shut-in. Due to a 5 year shut-in clause in the lease, the new buyer has potential to receive lease bonus money.

The lease reads:
“5 Year Shut-In Limit: Not withstanding anything to the contrary herein, it is understood and agreed that this lease may not be maintained in force for any continuous period of time longer than five (5) consecutive years after the expiration of the primary term hereof solely by the provision of the shut-in royalty clause. Lessee shall tender a payment of $25 per acres at the end of the third year and each year thereafter while the leased
premises are shut-in”


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Property Agent

  • Bill Smith

Phone Number:
724-933-1311
Email:
wsmith@cx-energy.com
  • Tagline: 124.57+/- Net Mineral Acres
    Tioga County, PA
    Delmar Township 
  • Address: Balsam Road, Wellsboro, PA 16901, USA 
  • State: Pennsylvania 
  • County: Tioga County 
  • Township: Delmar Township 
  • Net Mineral Acres: 124.57 
  • Unitized: Yes 
  • Well/Unit Name: TOPF-Vertical Deep Well 
  • Lessee Name: Shell 
  • Lease Date: HBP 
  • Primary Term: HBP 
  • Extension Term: HBP 
  • Royalty Rate: 12.5% 
  • Royalty Type: Gross