Oil and Gas Development Agreements to Benefit Wildlife in Pennsylvania June 26, 2012

Pennsylvania Deer Population and Management News Archive

Oil and Gas Development Agreements to Benefit Wildlife in Pennsylvania June 26, 2012 PGC
The Pennsylvania Board of Game Commissioners today approved three oil and gas development agreements that will provide much-needed revenue for the Game Commission to either deposit into the Game Fund or an interest-bearing escrow account for the future purchase of wildlife habitats, lands or other uses incidental to hunting, furtaking and wildlife resource management.
An example lease agreement: a one-time bonus/rental payment of $2,000 per acre for a five-year, paid up, primary term, and a 25.5 percent royalty. Additionally, the bid provides the Game Commission a well pad location fee of $250,000 per well pad, 


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