http://www.cantonrep.com/news/x1873086293/Landowners-sue-for-minera...
The above link is about our neighbors in Stark County. I do not know if the leases in question for these folks have gas royalties of just $200 per year like many of the Columbiana County Brinker Leases have, but I would not be suprised if they do. Other staorage fields across NE Ohio have the same royalty problem as well.
You may need to copy the link and paste it in your browser to see the article.
Tags:
I have to wonder if anything is being done to pursue a class action suit in Columbiana County for landowners over the brinker storage field. It seems this would be more expedient and less expensive than all the individual suits. Anyone know?
This is why the other large storage field capacity states have a minimum royalty law. Given the age of the leases referenced in this article I would not be suprised if the royalty was a flat rate , too. It's one thing to not be able to sign a lease on your own accord, and even worse to have a royalty that is completely exploitative. Our state Legilsature needs to to address this issue.
This case is more than just about the royalty amount. It is about the companies entering into an explore and drill lease 80 to 90 years ago and not produce as agreed. Instead most or all lessors, in the 80's and 90's, gave the company an additional right to store gas in the Clinton formation only, but not the right to sit on and not produce other formations. Dominion has know for years that they have a problem and chose to pay the measly storage fee and hope the landowners never woke up.
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com