"Royalties are likely to be substantially greater than upfront checks" for leasing the mineral rights, said Thomas Murphy, of the Penn State Cooperative Extension Service in Williamsport, Lycoming County.
The price of natural gas leases have jumped 1,900 percent in just about two years -- from about $15 an acre in 2006 to $300 an acre in February 2008, Murphy said. The it took another big leap in March, rising from $300 to $1,500 an acre, Murphy said.
"It's on a pace to reach $2,500 to $3,000 an acre in Clearfield County," Murphy said.
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