Lease Your Land For Oil and Gas Production
(Page 4 of 4)
January/February 1984
By Tom Bigelow
THE AFTERMATH
RELATED CONTENT
The president calls for higher fuel economy standards and pushes the EPA to revisit California's re...
With a few simple tools and these step-by-step instructions from an expert mechanic, you can change...
With cash and credit hard to get, creative bargaining can help you buy a home of your own, includin...
THE HEALTHY PLATE: Recipe for chicken and shiitake mushroom lo mein...
In almost every state, a well operator is required by law to restore a drilling site to its original condition, or as close to it as possible, once the drilling is completed. This includes cleaning up the site, recontouring the terrain, and replanting vegetation. Though most operators try to do a good job, a problem still remains with those few others who'll shrug of their responsibilities and do the least possible amount of restoration.
You can help prevent problems by staying abreast of the well operator's activities . . . and by questioning the drillers during each phase of the operation. The more informed you can be about what's taking place on your property, the better off you'll be.
The best way to protect yourself from a disreputable oil and gas operator is by requesting the names of other people from whom the driller has previously leased property, and then by traveling to those locations to witness firsthand the extent to which the land has been restored. Try to discuss the operator's credibility with those owners before you agree to hand over your holdings to that driller. Thoroughly checking the operator's reputation is the most reliable way to avoid getting stuck with a sour deal hidden in a sweet wrapper.
If all signs point to "go", however, then you might be able to cash in on an often overlooked benefit of country living . . . income from oil and natural gas rights.
Page:
<< Previous 1 |
2 |
3 | 4 |