Aren’t they just acquiring the mineral rights to the land? Of course, as those of us who live in the Marcellus shale are finding out, it is almost the same thing as they can do pretty much anything they want once they have those rights. I am not against drilling OR fracking but you have to live in an area like that to know what is really going on.
Our gas boom is pretty much a bust right now. People are being laid off in local businesses. It’s been real slow for almost a year. I think if Romney had won, it would have picked up but we don’t see much movement.
Thankfully, I knew an oil and gas attorney, was adept at doing research, and had time to spare. Was able to negotiate an 18-page monster of a lease for myself and several thousand neighbors; the money came easy, it was the lease language that mattered.
For some inane reason, people think that if you question any part of the fracking, you must be some tree-hugging commie-loving anti-American. In truth, you only want people to be educated about their rights before they enter into a legally binding contractual agreement. Once those rights are signed over, you can't claim them later.
When it comes to oil and gas leasing, it's buyer beware. I wouldn't line my birdcage with a Producer 88 lease, and neither should anyone else.
Which is where?