0 – 15 Minutes
Learning from mistakes. What factors should landowners be considering in order to avoid entering into bad agreements with energy companies. Explanation of the impact of low natural gas prices on Pennsylvania landowner’s royalty payments. Doug discusses his oil and gas websites and natural gas blogs for landowner information. Why oil and gas right owners must consider low gas prices when evaluating any outstanding gas lease offers, gas lease extension offer or any other natural gas contract. Does it make sense to enter into contracts with gas or pipeline companies when the companies tell the landowners that they do not have money and they are not drilling at this time? Doug addresses the importance of specific legal counsel and advice for each landowner’s individual situation. If you are presented with an offer to extend or modify an existing oil and gas lease, you must fully review your options and not extend terrible agreements for many years or decades into the future. Landowners must stop signing bad legal contracts and must start seizing and maximizing opportunities and second chances.
All Things Marcellus® GEM 104, KZFM 96.9, KC 101.5 FM, and 1250 AM The Answer
Air Date: March 27, 2016