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What is the length and what are the charges covered by a DCNR lease?

April 26, 2017Charges Covered dcnr lease LENGTH

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What is the length and what are the charges covered by a DCNR lease?

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The primary term of the lease is a 10-year period, which may be extended. A gas well may produce for several decades or more. The competitive part of the bid is the first years rent for the land. After that, annual rates for rent and royalties are standard and spelled out in the lease.