The Pennsylvania Board of Game Commissioners recently approved two five-year and one 10-year non-surface agreements to develop natural gas and oil beneath three state game lands.
Snyder Brothers Inc. of Kittanning would develop oil and natural gas reserves beneath 452.3 acres on State Game Lands 247 in North Buffalo Township, Armstrong County under a 10-year agreement. The agreement would result in a bonus payment of about $904,000 as well as future rental and royalty payments.
Snyder Brothers Inc. would also develop natural gas reserves beneath 95.81 acres of State Game Lands 287 in Boggs Township, Armstrong County. The agreement would result in a bonus payment of $383,240 for each well bore, as well as future royalty payments.
Southwestern Energy Company of Spring, Texas would develop natural gas reserves beneath 4,224 acres of State Game Lands 35 in Great Bend and Oakland townships, Susquehanna County. The agreement would result in a two-year option to develop an additional 1,691 acres and a bonus payment of about $6,336,000 as well as future rental and royalty payments.
All bonus, rental and royalty payments would be added to the agency’s Game Fund.