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Lycoming commissioners approve sale of subsurface rights to Range Resources for $5.4 million, secure 2% royalty
Summary
The Lycoming County Commissioners voted to approve a sale of subsurface rights to Range Resources for $5,400,000 and an assignment of a 2% royalty interest on future hydrocarbon proceeds; the deal was described as the result of years of negotiation and expected to provide both an upfront payment and recurring revenue.
Lycoming County commissioners voted to approve Resolution 2025-21 authorizing the sale of subsurface rights to Range Resources for a purchase price of $5,400,000 and the county’s assignment of a 2% royalty interest on future oil, gas and hydrocarbon proceeds. The motion passed by voice vote.
County officials said the negotiated agreement provides both an immediate budgetary infusion and a potential long-term revenue stream. “We achieved a great outcome,” said Brett (role not specified in the transcript), who described months of negotiation with geological experts and multiple…
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