Gas Leases

The folks over at the Wetzel Chronicle have written a great article about mineral rights owners and the relation to the gas lease boom. It’s a great article (but I will admit I am somewhat biased since they were nice enough to include information about my blog!)

The days of the $5 per acre lease are over,” said a Wetzel County energy company representative who wished not to be named. He said most people are getting more savvy about what’s under their land or the mineral rights of which they may own all or a portion, and people will not simply sign a contract for the first terms they are offered. Local attorneys are deluged with lease customers, and heirs to local mineral rights scattered across the country are being sought so that drilling can commence. Some owners are getting hundreds of dollars per acre now locally and with energy costs expected to double or triple in the coming years, the quest for gas and oil will only accelerate. Potential royalty recipients wonder, “This lease may be my one chance to improve my life and make some extra money. How can I get my slice of the pie?

Read the rest over at the Wetzel Chronicle.