What are the specifics on the newest lease sale?
In January 2010 DCNR leased six tracts of land, totaling approximately 31,967 for oil and gas rights. The tracts are located in the Elk, Moshannon, Sproul, Susquehannock and Tioga state forests in Cameron, Clinton, Potter and Tioga counties. The minimum bid per acre was $2,000, and the lease includes an 18 percent royalty on the volume of gas extracted. All six tracts were leased and generated a combined total of about $128 million to the Oil and Gas Lease Fund.
