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<blockquote data-quote="bacha29" data-source="post: 2673833" data-attributes="member: 58386"><p>When dealing with coal strippers and gas drillers the 2 most common mistakes are these. They lease their acreage but continue to live there. In the end they have a lease than has been terminated by the coal stripper. Not a drop of water under the place or going to the house. And still have to pay the real estate taxes on a worthless piece of back filled strip ground. Smart people sell the whole place to the coal stripper and let him pay the taxes. With gas leases the property owner often fails to have a specific date in place when the gas will begin to be pumped out and sent to market and there is a mountain of shut in gas in my area Little mention of site reclamation if there is no gas there. Another unpleasant little surprise gas drillers slip into leases. A provision whereby the property owner has to pay the transmission costs of shipping the gas to market. With gas prices s low and transmission charges going in opposite directions&nbsp; ((you know where this is going) property owners expecting to find a nice royalty check in the mail INSTEAD END UP GETTING A BILL FOR THE DIFFERENCE. Oh by the way abused ccr. some interesting new data came out the other day. Within the next 12 months an additional 1 billion cubic feet of new gas will come into the market. That&#039;s 1 billion cubic feet....PER DAY.</p></blockquote><p></p>

[QUOTE="bacha29, post: 2673833, member: 58386"] When dealing with coal strippers and gas drillers the 2 most common mistakes are these. They lease their acreage but continue to live there. In the end they have a lease than has been terminated by the coal stripper. Not a drop of water under the place or going to the house. And still have to pay the real estate taxes on a worthless piece of back filled strip ground. Smart people sell the whole place to the coal stripper and let him pay the taxes. With gas leases the property owner often fails to have a specific date in place when the gas will begin to be pumped out and sent to market and there is a mountain of shut in gas in my area Little mention of site reclamation if there is no gas there. Another unpleasant little surprise gas drillers slip into leases. A provision whereby the property owner has to pay the transmission costs of shipping the gas to market. With gas prices s low and transmission charges going in opposite directions ((you know where this is going) property owners expecting to find a nice royalty check in the mail INSTEAD END UP GETTING A BILL FOR THE DIFFERENCE. Oh by the way abused ccr. some interesting new data came out the other day. Within the next 12 months an additional 1 billion cubic feet of new gas will come into the market. That's 1 billion cubic feet....PER DAY. [/QUOTE]

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