A local landgroup, the largest in the Northern Panhandle, has reached a historic deal with a drilling operation worth a staggering amount of money.
The Marshall and Ohio County Landgroup reached an agreement with Tug Hill Operating worth more than $100 million.
Landgroup members include mineral owners in Marshall and Ohio Counties, who are pooling their mineral rights in the largest lease agreement in the Northern panhandle.
According to a press release, Tug Hill Operating has a history of oil and gas exploration and operations, including participating in drilling more than 750 horizontal wells in the Marcellus Shale in Pennsylvania and West Virginia since 2007.
Jonathan Turak of Gold, Khourey & Turak, one of the attorneys responsible for negotiating the deal, said it took months of hard work, but the results speak for themselves.
“The end result is unprecedented, with an agreement that provides more compensation, better protection and a lease that favors all of our mineral owners,” he said. “Neighbors helping neighbors is what this landgroup is all about and we proved that there really is strength in numbers.”
Eric Gordon of Berry, Kessler, Crutchfield, Taylor & Gordon, one of the founding attorneys of the Landgroup said they have negotiated the opportunity to allow additional mineral owners not currently apart of the group to sign up.
“Those that join will receive the same benefits as our current members,” Gordon said. “The extended offer is limited and only available to mineral owners in Marshall and Greene (PA) Counties.”
Those interested in a free consultation or membership can call (304) 845-9750 or toll free at (800) 388-2529.
