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Salem, OH to Sign Lease Deal with Chesapeake for $7K+20% | Marcellus Drilling News
The City of Salem, Ohio, which straddles both Columbiana and Mahoning counties, is due to sign a three-year oil and gas lease with Chesapeake Energy today for 381 acres of land owned by the city. The deal calls for an initial $3,500 per acre signing bonus and 20% royalties, with an additional $3,500 per acre