Marcellus property owners find towns’ support
In fact, reliable sources tell us that a huge commercial gas discovery was recently drilled three miles across the Pennsylvania border from Kirkwood. Property owners within that drilling unit having 100 acres and a 12.5% royalty may be looking at $500,000 a year in potential payments. Smaller landowners could be getting $5,000 per acre annually. This moves the gas frontier to approximately 45 miles from Sullivan County and it will get even closer as time goes on.
Obviously, the stakes are high, but good business sense of the type demonstrated by these local town boards will eventually prevail.
[Noel van Swol is the president of the Sullivan-Delaware Property Owners Association, an association of landowners who favor the development of natural gas resources and represent approximately 70,000 acres.]