Landowner Oil and Gas Newsletter informs and educates on leasing mineral rights
Landowner Oil and Gas Newsletter provides information to assist landowners in negotiating oil and gas leases.
For many landowners, leasing rights to drill for oil and gas is a new experience. Many experienced landowners have discovered that managing the mineral rights can earn as much or more per acre as agricultural activities. This management includes a carefully crafted oil and gas lease. Oil and gas leases are complicated legal documents that are generally written by the company for the benefit of the company. As such, many mineral rights owners are confused when reading oil and gas leases. Even after reading them several times, they still do not understand them. It is the mineral rights owner’s responsibility to know what the lease means and its impact on any agricultural business. Landowners need to understand that the terms in a lease can be negotiated so the lease provides much more favorable and profitable terms to the landowner.
The Landowner Oil and Gas Newsletter also has information about hydraulic fracturing, which is a method of developing a well to improve its oil and gas production. “Hydraulic Fracturing of Natural Gas Wells in Michigan,” produced by the Michigan Department of Environmental Quality, discusses this technique from the regulator’s perspective. Dean Solomon, a MSUE senior educator discusses the controversial aspects of this technique in the document “Fracking—The Controversy Continues.”