RE: Procedure to be followed when initially receiving the letter FROM Land Management Company

As SOMEONE who is UNFAMILIAR, or should I say that this is the FIRST question that I have that needs an answer.  I received a letter from one of the land management companies.  This was about 6 months ago.  AFTER FINDING so much VALUABLE INSIGHT and INFORMATION regarding Marcellus Shale from YOUR Website, I OPTED to WAIT for a WHILE.  NOW, I see that some of my NEIGHBORS have SIGNED on with these Land Managment companies.  I know this as I have LOOKED through the DEEDED properties in my area.  MY FIRST QUESTION IS:  As my neighbors have signed about 5 months ago, it does NOT NECESSARILY MEAN that a WELL is to be DRILLED in our AREA.  Can I assume that these neighbors have NOT RECEIVED any compensation AT THIS TIME even though they have SIGNED a LEASE?  Is my understanding correct, :The lease only holds the PROPERTY for that company whether it's Rex or Phillips or whomever for a period of 5 years but does NOT involve COMPENSATION?  Also, it is my IMPRESSION that waiting ONLY ENHANCES my bargaining POWER.  I will MOST ASSUREDLY go to an attorney to have the CONTRACT CHANGED to benefit me.  That goes without saying.  BUT in ESSENCE, NO DRILLING, NO MONEY.  Am I RIGHT about THIS??  

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Permalink Reply by Mackenzie Malone on July 28, 2011 at 10:22am
Henry, YOU have made a  VERY ASTUTE comment regarding these EXTREMELY important issues.  All that YOU have mentioned is VERY RELEVANT and PROVIDES a lot of PEOPLE with the BOTTOM LINE.  My way of reasoning is to FIND out as MUCH as I can about SOMETHING and THEN make a DECISION.  YOU have PROVIDED some CRUCIAL PIECES of INFORMATION that many  will find offers enlightenment.  Thank you, again, Mackenzie 

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