A group of West Virginia mineral owners will receive more than $100 million from lease agreements with a gas drilling company.
A lawyer representing the Marshall and Ohio County Landgroup says the mineral owners could receive more money from Tug Hill Operating in the future from production royalties.
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Lawyer Jonathan Turak tells The Intelligencer and Wheeling News-Register (http://bit.ly/11aTPhO) that the mineral owners maximized their bargaining leverage by joining together.
Details of the deal won't be released because of a confidentiality agreement, including how many mineral owners are in the group and how much acreage is involved.
Tug Hill declined to comment on the deal.
Information from: The Intelligencer, http://www.theintelligencer.net