Does anyone have information about Dominion being sold recently? And if so I wonder how it will impact the leases in certain areas, specificly Westfield Township?

 

East put a "HOLD" on signing drilling leases in the township several weeks ago because of  storage leases made many years ago. Storage leases were made about 1969 or 1970, for a piddling amount. That lease  did help with paying taxes back then. But now it is a different story.

 

An East landman came to see me and my wife with a lease. We looked it over and made a few changes that were approved. Then I asked how it would impact with the Dominion storage leasing. We were told that the maps that East had of Dominion's storage area did not encroach on their, (East's) maps.

 

However the acreage East was wanting to lease from me was the same acreage that I was being paid for storage by Dominion.After many Emails between myself and the East landman. I was informed that East had put a "HOLD" on any leases on certain areas. These areas were 40-plo3 and 40-plo4.

 

The East landman was the third drilling outfit wanting to lease my acreage.within the last couple or three years.

 

So I wonder what will come next?

 

Bill Ladd

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Replies to This Discussion

Sure hope that you are right Janice. My neighbor has land that was leased in the early 20's I think he said He also has lands that are included in the township that was lock out by east a few months ago because of a problem of exactly what lease says. Would it be great if everyone holding the leases in the area just abandon and or invalidate those leases and start all over again?


Bill L.
aka Bummy

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