Michael, my father has the mineral rights for 80 acres leased by Columbia Gas for a natural gas storage field in Liberty township. I think it is to this to which you refer. In November of last year a representative from Columbia, with a notary in tow, came to his house and got him to sign an amendment to the lease. Being older and frail, he signed without adequately understanding what he was signing or for asking anything in return. The amenment said that Columbia was subleasing the deeper formations for development to Belden Blake and Anschultz Corp. Has Chesapeake become the successor to these two?
The same thing happened to us. They came around to "update" the lease. We feel like we made a huge mistake in signing it. But at the time we were unaware of all of this. Our land is also in the Columbia gas storage field. I can understand why your dad signed....our man was very laid back and almost a joy to talk to. He was also a notary. And he made it sound like it was the thing to do.
3miles West of I77. on S.R.541 Dave.