Repsol Oil & Gas USA, LLC at Pennsylvania Department of Conservation and Natural Resources

Effective: Apr 4, 2025

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This is a Non-Surface Disturbance Oil and Natural Gas Lease (Contract No. M-3103016-16) between the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources (Lessor), and Seneca Resources Company, LLC (Lessee). Effective April 4, 2025, the lease covers Tract No. 3016 (14.997 acres) for a primary term of five years, with conditional extensions. The Lessee is required to pay a one-time bonus rental of $44,991.00 and ongoing royalties (18% or $0.35/Mcf for natural gas, 18% for oil/liquid hydrocarbons). The agreement strictly prohibits surface disturbance on the leased premises and mandates financial security of $50,000.00 and pollution liability insurance of at least $1,000,000.00 per occurrence.

Effective: Jan 4, 2024

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This Oil and Gas Lease for Publicly-Owned Streambeds, effective January 4, 2024, is between the Commonwealth of Pennsylvania (Lessor) and CNX Gas Company LLC (Lessee). It grants the Lessee rights to directionally drill for oil, gas, and liquid hydrocarbons from Tract No. 2022 (1.52 acres) for a primary term of five years, with potential for indefinite extension based on production. The Lessee is required to pay a one-time bonus rental of $6,080.00 for the primary term and ongoing royalties based on production (e.g., 20% of fair market value or $0.35/Mcf for natural gas). The contract also mandates a financial security of $250,000.00 and pollution liability insurance of $1,000,000.00 per occurrence, alongside detailed terms for operations, payments, audits, and dispute resolution.

Effective: Jan 9, 2023

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This document is the First Amendment to an Oil and Gas Lease for Publicly-Owned Streambeds (Contract No. M-2102019-08) between the Commonwealth of Pennsylvania (Lessor) and PennEnergy Resources, LLC (Lessee). Effective January 9, 2023, this amendment expands the leased area by 11.27 acres, bringing the total to 149.27 acres, and updates various sections of the original lease. Key changes include a bonus rental payment of $597,080.00 for the primary five-year term, revised definitions for "paying quantities," updated royalty rates for natural gas and other hydrocarbons (20% of fair market value or $0.35/Mcf for gas, 20% for oil/condensate/NGLs), and new provisions for payments, related agreements, title warranty, unitization, lease assignment, and general contract terms and conditions.

Effective: Sep 15, 2022

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This Non-Surface Disturbance Oil and Gas Lease, effective September 15, 2022, is between the Commonwealth of Pennsylvania (Lessor) and Range Resources - Appalachia, LLC (Lessee). It grants the Lessee rights to directionally drill for oil and gas on Tract No. 3011 (10.548 acres) for a primary term of five years, without disturbing the surface. The Lessee is required to pay a bonus rental of $31,644.00 for the primary term and ongoing royalties based on production. The contract also specifies requirements for financial security ($25,000), pollution liability insurance ($1M/$2M), unitization, assignment, and compliance with various laws and regulations.