PA Town Rejects Accepting Apex Offer of $1,500/Ac + 16% Royalty

In June, MDN told you about a very small lease deal on offer for North Huntingdon Township in Westmoreland County, PA (see Apex Energy Offers $1,500/Ac + 16% Royalty in Westmoreland Co.). Apex Energy wants to lease 4.5 acres of town land for a total signing bonus of $6,760 ($1,500/acre). The deal on the table from Apex was “only good” through June 30. Sign now before this offer expires! Town commissioners were not impressed with the high-pressure sales tactic and voted to table a decision on the offer until after June 30 (see PA Town Delays Accepting Apex Offer of $1,500/Ac + 16% Royalty). After hearing from constituents and discussing the offer, last week the commissioners voted 5-2 to reject the Apex offer.

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