Dose anyone know what some of the offers have been to he Smith-Goshen group?
I know there are a lot of companies that have been making offers.
Frank, my wife & I drove down from Geauga county last night to attend. The first hour was taken up by a presentation from Bea Wolper on estate planning. It was informative and food for thought. Then Larry Cain talked about the coal mining issues. It looks like they are in the final stages of getting agreement with Murray, ODNR, and Smith-Goshen that will allow horizontal drilling to effectively drain most if not all the land under Murray's coal holdings.
Then Larry & Dick Emmons talked about the draft lease some and answered a few specific questions. Bottom lines is that there is no timeline but, with the lease draft now written, they can move forward more quickly. I didn't get the impression that signing will come to pass this year, but it could happen I suppose. From a tax and estate-planning point, I think it would now be better to wait until next year to get bonus $$.
"It looks like they are in the final stages of getting agreement with Murray, ODNR, and Smith-Goshen that will allow horizontal drilling to effectively drain most if not all the land under Murray's coal holdings."
What does this mean? My understanding is that coal rights are separate from mineral rights if it is so distinguished in the deed. I don't understand what this agreement entails. I am suspect of anything that includes Murray Coal.