Landowner Oil and Gas Leasing Educational Meeting
Date: October 11, 2012
Time: 6-8:30 p.m.
Location: Franklin Inn, 1070 E. Huron Ave., Bad Axe, MI 48413
Contact: Dennis Stein, firstname.lastname@example.org, 989-672-3870; or Curtis Talley Jr., email@example.com, 231-873-6841
This program will help landowners better understand the oil and gas industry, mineral leasing agreements and how the industry is regulated in Michigan. Department of Environmental Quality will discuss regulation of oil and gas drilling, permitting and environmental protection. The oil and gas industry will discuss environmental safeguards, well site construction and hydraulic fracturing. MSU Extension will discuss the oil and gas leasing process, what the language in the lease means in layman's terms, how the royalty is determined, negotiating changes in leases, and the pitfalls to avoid in oil and gas leases.