What is the process for doing a DCNR lease sale?
Lease sales are developed by first receiving nominations for the acreage from gas companies, which may be taken into consideration. DCNR does a comprehensive geologic and environmental review to determine which tracts and how many acres to lease. A lease sale is announced and sealed bids are accepted, usually over a two month process. The bids are all opened at the same time. DCNR leases are awarded to the highest bidder based on the amount of the first years land rental. DCNR staff then review and execute the leases over a two month period. The companies then deposit their winning bids to the Oil and Gas Lease Fund.
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