Subsurface Values Soar in Rural Ohio
As the shale-gas boom engulfs Ohio, landowners are negotiating much higher oil and gas leases. Pennsylvania-based Eclipse Resources recently paid an astounding $16 million – $4,000 per acre plus 19 percent royalties – to some 70 landowners in the Upper Ohio River Valley. Additionally, landowners have been able to take the uncommon step of securing water and land protection safeguards from companies eager to drill.
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Click here to download a copy of our June 2012 newsletter.More Field Reports From The Land Report:
- USDA Announces $32 Million Grant to Fund Restoration
Agriculture Secretary Tom Vilsak announced a $32 million grant to improve water quality and restore wetlands along the Mississippi River. The program, which targets five projects in seven states from...