Energy companies continue eyeing lands just south of Chenango

NORWICH Those following the natural gas industry here opened their eyes wide on Sunday and looked just over the border into Broome County and on into Susquehanna County, where at least one multi-national energy company made a confirmed offer to pay landowners $5,750 an acre to lease their land for natural gas drilling.



The information was reported in an e-mail to members of the Central New York Land Coalition Monday morning. The price is a far cry from the high offers of $200 per acre made just over two years ago.

Chesapeake is rumored to be offering $5,750 to landowners in the Broome County towns of Colesville and Fenton, and Cabot Oil & Gas Corporation made an official offer for the same amount to lease more than 6,500 acres in a dozen townships in Susquehanna County.


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