Posted by CB in central NY on February 08, 2008 at 07:28:37 from (63.162.143.5):
I am wondering if anyone here has had any similar experiences. A fellow came to my door yesterday. He said he represented a company that was signing agreements with landowners in my area so that a different organization could come in and test-drill for natural gas. They way he explained it, if any useful gas were found on or under your property, you would get a cut of the profit. In addition, the company would improve whatever existing access roads on your property so that they can get to the site. They way he explained it, the well itself would be a very small concrete patch that the company would fence in.
It sounds like possibly a good deal but what are the risks? You are basically granting the company an easement on your land and a lease.
In addition, is there any risk to the water table or the aquifer? My water supply is a natural spring, so I am always concerned about messing around with anything underground, especially if it gets close to the spring.
Any thoughts from folks with experience in this matter would be greatly appreciated, as always. Thanks in advance.
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