Posted by Greg1959 on June 10, 2015 at 18:56:48 from (69.176.46.42):
In Reply to: Re: Fracking posted by JayinNY on June 10, 2015 at 18:40:03:
JayinNY_ I agree with you, sell the timber but, John said it amounted to about 2 acres. Might make him a little money.
If the drilling company has already gotten permits to drill a 'test' well , then they have usaually mapped out wher they need to aquire the the leases from. This late in the game it seems that the oil company already knows which property their wells will cross.
It has happened in my area. The drillers started coming in here about 5 years ago offering to buy your mineral rights. I refused just because I'm stubborn. All my neighbors leased to them. Funny thing, each of my neighbors leased to a different driller. All drillers were 'land locked'. Now, some of the neighbors are coming together and going with one driller.
I'm told, once oil reaches $65.00 a barrel (WTI), they will start drilling and pumping again.
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