|Eclipse Resources Seeks Mineral Rights Agreement With County|
|Written by Darin Brown, Staff Writer|
|Wednesday, June 13, 2012 1:47 PM|
The Monroe County Board of Commissioners meeting on June 11 began with a conversation about oil and gas. Brett Marlow of Eclipse Resources (owned by Rex Energy Corporation) met with the commissioners to discuss the possibility of a lease agreement on a small portion of county land.
Eclipse Resources currently has plans in the works to drill horizontal shale wells on a 640 acre unit of land in Green and Lee Townships, which the company has dubbed the Tippins Tract. They are still in the preliminary phase and have gone through the permit process in order to drill vertically to test the strata in the area.
Included in the tract would be .52 acres of which it is certain the county owns the mineral rights. Also included is 6.29 acres of road in Green Township. Marlow said the company is searching records to determine who owns the mineral rights to the land under the roadway. The commissioners commented that the mineral rights likely stayed with the previous landowners when easements and right-of-ways were established. However, it is possible that some or all of the mineral rights associated with the 6.29 acres would be owned by the county or by Green Township.
Marlow told the commissioners that the official offer from the company would be their standard deal which is a five year agreement in the amount of $4250 per acre plus 20% royalties. At that rate, the county would make anywhere from $2507.50 to $29,240 plus royalties on a deal depending on how much of the mineral rights are owned. County Prosecutor James Peters sat in on the meeting and will review the lease agreement if the county decides to sign.
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