Impressive investment opportunity to own 121 acres in the beautiful Endless Mountains area. This property comes with Gas & Oil Rights which include a percentage of oil and gas rights to be conveyed to new owner in addition to conveying the rights to receive surface-damage payment and right-of-way redress. A three-hour drive from New York City and Philadelphia AND a 45-minute drive to Wilkes-Barre/Scranton International Airport make this very accessible from all areas. Located in prime hunting land in Northeast PA, Susquehanna County. This could be a serene retreat that could offer royalties for years to come. Royalty is being offered at a great rate with no deductions.
Based on the current development schedule, it appears that wells will be drilled on the south end of the property in Summer 2018 with production starting in late 2018. Assuming this plan doesn’t change, buyer would begin receiving royalties in late 2018, or early 2019. Using historical well production data from neighboring wells, it is expected that buyer could receive royalties for its interest in the range of $500,000 over the first 12 months of production and $1,300,000 over the first 5 years before taxes. By year 10, it is estimated that buyer's interest would generate over $1,700,000 and continue to produce for years thereafter. The property, in essence, has the potential to pay for itself over time. These are estimates only based on offsetting well production history as well as net natural gas prices of over $2.00/Mcf. As always, factors could change resulting in actual net revenue to buyer that is higher or lower.
In addition to the above, buyer will receive a onetime payment from Cabot Oil and Gas in the amount of $83,658.75 upon commencement of drilling operations in 2018. Additional surface-use compensation for pipeline right of way will also be included once the terms are finalized with the local pipeline company. The location of the well pad site and pipeline easement have been selected with the goal of minimizing impact to surface usage by buyer and preserving maximum desirability of the acreage for purposes of recreation and improvements. Once the wells stop producing, the well operator is contractually obligated to remove all equipment and return the site to its original condition.
User reviews and recommendations of top nearby restaurants.
Distance: 3.4 Miles
Distance: 4.15 Miles
Distance: 4.24 Miles
Distance: 5.84 Miles
Distance: 5.94 Miles
Distance: 7.06 Miles
Distance: 7.49 Miles
Real estate listings held by brokerage firms other than Kurfiss Sotheby's International Realty are marked with the IDX icon and detailed information about each listing includes the name of the listing broker. © 2017 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Kurfiss Sotheby's International Realty participates, and is provided by TREND through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 03/22/2017.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.