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Everyone signing off on your gas rights understand that our drinking water and wildlife are already under seige. The millions of gallons of water used will go back into the supply filled with chemicals that will kill fish and contaminate your water. If you are lucky enough to get a few dollars they only pump in the summer when the rates are low so they can avoid royalties. Everyone is so gullable around here. They say they will take your gas whether you sign or not. Then why are they going around with contracts. In NJ they were ordered to stop drilling because of contamination to the water. Think before you sign.
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Joined: Oct 5, 2008 Comments: 56 |
Sigh, I hope Rostraver twp wakes up. There are few of us who still have wells are being asked to sign up or give up their gas rights. What is the legal way to stop them, without going bankrupt?
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The only way it will stop is if/when the price of natural gas drops to a point low enough which would make the drilling cost prohibitive.
Other than that, forget it. Rendell is already spending the money from the new taxes he'll impose unpon everybody involved. The EPA might be the agency to contact because of the water contaminiation, but I doubt they will do little more than hand down a fine for a few thousand dollars. About the same effort they use to save water and land in West Virginia due to coal extraction. Again, TOO much money to make to justify stopping it. It's far cheaper and easier to release reports indacating how nothing is wrong and all is okay. |
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You are absolutely correct. But not everyone needs to sign their rights away. They don't realize that they are not going to get what they think. |
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Joined: Oct 5, 2008 Comments: 56 |
I heard from my neighbor if you do not sign it they will take it anyway, so you may as well sign it. Since we didn't jump right away and sign, another company yesterday came in with a higher bid. I would love to have city water.
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If they are going to take it anyway then why are they coming round peddling contracts? It does not make sense |
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Joined: Oct 5, 2008 Comments: 56 |
Who knows, these are two different companies that have contacted us. I am taking a wait and see attitude. I really can't see how they can make us sign a contract or take the gas without permission. I think my neighbor that signed is full of beans.
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its true
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1 the owner of those rights has not only the ability to develop the minerals below the surface but also to do what is necessary on the surface to access any minerals below. These rights may include locating access roads on the surface, burying pipelines near the surface, depositing some types of waste, such as brine, on the surface or back into the well, deducting production costs from royalty payments, selecting the well location (within spacing and setback regulations), determining the depth and direction of the well, clearing (typically clear cutting) a section of the surface for drilling and access, retaining access to the mineral rights for 20 years or longer, and accessing the property whenever necessary and without prior notice. We also learned that “signing bonuses” are one time only payments, rates for royalties are negotiable, that we would not receive any royalty payments unless gas was produced, that payments could last for only a short period, and that such payments would be small. We were informed that the typical mineral lease includes rights to access not only gas and oil from the targeted geological deposits but also other deposits below or above the targeted source. We also learned that it would be difficult to prevent a development company from slant drilling under our surface property even if we had not surrendered our mineral rights to that company. Most importantly we were advised that it is very difficult to “undo” a mineral lease agreement once it has been signed; that “non-development” agreements can be negotiated, that liability for possible environmental or ecological damage and consequent property devaluation may not be clearly addressed in leases, and that simply surrendering the mineral rights for a property could lower the resale value of the property by 30%- 50%, depending on the location, value, and type of property. Here’s the bottom line— be skeptical and conservative. Prior to surrendering the mineral rights to your property, make sure you are fully informed and knowledgeable. Consider consulting with a qualified attorney, preferably one who specializes in oil and gas law, who has experience representing property owners, and who is knowledgeable of environmental regulations. Be wary of signing a lease prepared by the development company. The company may be willing to modify their existing lease, but the standard lease offered by the development company will not protect your interests as well as one reviewed by a knowledgeable attorney on your behalf A good attorney will write an addendum to that lease which will protect your interests. |
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Joined: Oct 5, 2008 Comments: 56 |
Thank you concerned landowner, gave me some food for thought!
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