Pay Dirt in Ashtabula County? Leasing Your Land in Ashtabula County!
Have you heard about the upcoming gas and oil boom in Northeastern Ohio?
There is certainly a lot of information and rumors out there. Perhaps you’ve
been approached by a “leasing specialist” who wants you to sign a gas
and oil lease with them? What does all this mean for you?
If you have land that’s currently lease free in Ashtabulaand
surrounding counties, then it could mean future revenues from gas/oil
royalties. But how do you know which leasing company is right for you?
Should you lease directly with the oil companies?
First of all don’t jump at the first lease that comes along. Do you
homework. These documents can be complicated. Ask lots of questions. If
there are informational seminars available in your community plan to
attend. There is so much more to consider than just the price per acre
the lease will offer you.
Don’t lock yourself into a lease immediately. Remember, a mineral
lease is a legally binding document. Think things through, attend
seminars, and become educated.
When you’re considering a company to lease your minerals, your ground
water must be taken into consideration. Is there a clause on your
lease granting the oil company unrestricted use of your fresh water? It
can take 5 million gallons of water for hydraulic fracturing! Where
will all that water come from?
What about your water quality? Who will protect it? How will they
protect it? If your water is altered, or contaminated, what happens
then? Will the oil company pay to make the water good again? Who will
sample the water to make sure?
You NEED to know the answers to these and other questions! Without good, clean water, your property is worthless!
The upcoming gas and oil leasing is not all gloom
and doom. There is a landowner association working in the area who
addresses not only these concerns, but many more not listed here. You
need the information they have before making a decision to sign a lease
with ANYONE.
Contact me to find out more about the landowner association that works to protect YOUR landowner rights! You may attend a seminar, or arrange for a private meeting, all without obligation!
Buying, Selling a home or Land in Ashtabula County? Want to learn more about leasing your mineral? Contact me for more details!!
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