.....or deserved, but doesnt matter that much I guess when you consider the following ..

Here are some highlights from this new released report done by the legislative budget & finance committee!!!

PGC SGL #12 and #36, containing a combined 43,466 acres, appear to represent the most
valuable PGC property. Should these two parcels lease at the level of recent transactions, the
signing bonus would be over $249 million. Assuming a royalty rate of 20%, these lands could
eventually net the PGC $1.07 billion above and beyond the signing bonus (given $4/1000 cfe gas).


SGL #13 and SGL #57 consist of a combined 95,021 acres in parts of Luzerne, Sullivan, and
Wyoming Counties. This is by far the largest nearly contiguous acreage in the PGC portfolio and
much, if not all of it, is prospective for Marcellus gas. It is reasonable to suggest that SGL #13 and
#57, which is double the size of SGL #12 and #36, may well realize twice the revenue as the
former.

LINK TO REPORT

In response to this, Carl Roe Pgc exec director says that pgc owns only 24% of the rights in that area. So that still equates to 24 percent of over 3 BILLION. Or well over 700,000,000!! And thats a "median" range estimate based on price which very well could go higher! There would also be addition portion of the signing bonuse mentioned above. And consider that is for only ONE area of the state!

And they are still trying to squeeze one last license fee increase out of us beforehand! lol!!