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1999 Lease Sale Bid Results

Official Summary of High Bids Accepted by DEC for the 1999 State Land Lease Sale

The Department opened competitive sealed bids in conjunction with the 1999 state land lease sale on May 4, 1999 at 11:00 a.m. The sale included hydrocarbon leases on eleven (11) parcels which encompass over 13,061 acres of state land in Chemung, Steuben and Schuyler Counties.

Summary of High Bids Accepted by DEC
Area Common Names Acres Bid/Acre Bonus Bid Bid Winner
Chemung 1A Catlin 194.78 $108.57 $21,147.26 Pennsylvania General Energy
Chemung 1B Catlin 290.73 $56.86 $16,530.91 Pennsylvania General Energy
Chemung 1C Catlin 120.59 $15.00 $1,808.85 East Resources
Steuben 5A West Hill 684.67 $109.43 $74,923.44 Pennsylvania General Energy
Steuben 5B West Hill 198.44 $308.97 $61,312.01 Pennsylvania General Energy
Schuyler 1A Goundry Hill 1,081.39 $112.00 $121,115.68 Columbia Natural Resources
Schuyler 1B Goundry Hill 1,048.10 $112.00 $117,387.20 Columbia Natural Resources
Schuyler 2 Sugar Hill 6,900.00 $312.54 $2,156,526.00 East Resources
Schuyler 4A Coon Hollow 819.97 $179.66 $147,315.82 East Resources
Schuyler 4B Coon Hollow 769.71 $179.66 $138,286.10 East Resources
Schuyler 4C Coon Hollow 953.06 $179.66 $171,226.76 East Resources
Grand Total 13,061.44 $3,027,580.03

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