Posted by MadMallard.....NY on February 08, 2008 at 15:11:26 from (209.150.248.187):
In Reply to: O.T. - Drilling for gas posted by CB in central NY on February 08, 2008 at 07:28:37:
I was apporached by a landmen for two different gas companies. I gave a copy of my addendum to each. One said he be in touch in four days-that was 9 months ago. The other company was willing to negotiate. We bypassed the landman and talked directly to the gas company. The one thing I did was to talk to my neighbors to pool our property, over 450 acres, and negotiate as a unit with individual leases. We got four times the going rate for our leases then property owners that negotiated on their own. Get everything in writing no matter how minor. That's what the addendum is for. If you have to go to court and it's in the addendum you at least have a leg to stand on. Good luck.
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