Saturday, November 24, 2012
DECISIONS AFTER LEASING…
Throughout the Twin Tier region (PA & NY) leasing subsurface resources has existed for over a hundred years. Like all industries since early days … the technology has expanded! From development to production to marketing, to the innumerable uses that now exist for natural gas and oil, everything has changed. While in recent years it may have felt like an explosion in our midst, in truth generations before us had to make business decisions about their same resources … natural gas and oil.
Readers who can identify with having leased acreage, “regardless of the document’s age” may be surprised to learn that options exist to up-date an already-signed lease. It’s not difficult to find someone who has already been approached by his/her leasing company … a company that wants to alter or expand upon original lease wording. However comfortable (or not) landowners have been with their current lease holdings, understand that this change is inevitable.
What steps will landowners take to update their own knowledge before they sign an altered leasing document? The choices made can change current lifestyles and those in the future. The same holds true for our environment. Throughout Twin Tier territory storage leases and pipeline leases have always been a part of our lives. None of the above is “news”. It’s our history. Time to check over leases that may be “older than the hills”, or newer ones expiring within a year or two. Has everything happened that you were expecting?
Knowing options before there are none, is an opportunity being presented by Penn State professionals and natural gas/oil attorneys on November 29th @ 6:00 PM, Firemen’s Meeting Hall, 171 Rte 6W, Coudersport, PA $15/person
Registration is encouraged by calling 814.887.5613, or online
This event is sponsored by Penn State Marcellus Educational Consortium.Education is the answer.
Posted by Solomon's words for the wise at 11/24/2012 09:04:00 PM