*THIS LISTING IS FOR 50% OF THE OIL, GAS & MINERAL RIGHTS UNDER 154.78 ACRES. THE BAKERS OWN 100% OF SAID RIGHTS & ARE OFFERING 50% FOR SALE. THE RIGHTS WERE PREVIOUSLY LEASED AND THAT LEASE EXPIRED AND WAS NOT RENEWED. THAT LEASE WAS WITH CHIEF EXPLORATION AND DEVELOPMENT LLC. CURRENTLY "SHELL" HAS WELL PADS AND PIPELINES ON OR ACROSS NEIGHBORING PROPERTIES TO THE IMMEDIATE EAST AND ELSEWHERE. THE SUBJECT SUBSURFACE O.G.M.'S ARE UNDER LAND LOCATED IN RUTLAND TWP. IN TIOGA COUNTY & COLUMBIA AND WELLS TOWNSHIPS IN BRADFORD COUNTY. THE CURRENT OWNER IS WILLING TO ALLOW THE BUYER OF THE 50% INTEREST TO NEGOTIATE A NEW LEASE FOR THE PROPERTY WITH PEOPLE/COMPANIES WHO MAY HAVE AN INTEREST IN ENTERING INTO A NEW LEASE. SHOULD BUYER LOCATE SOMEONE FIRST THE PROPOSED LEASE WOULD NEED TO BE APPROVED BY THE CURRENT SELLER, HEIRS AND ASSIGNS. ANY NEW BONUS PAYMENT WOULD BE SPLIT 50/50. THE BAKERS WOULD DO THE SAME IF APPROACHED FIRST. VERY WELL PRICED AT $1,000 PER ACRE FOR 50% AT $154,780.
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