Offer to buy rather than force pool?

There are several common reasons why a landowner might not want to sign the lease offered by a gasco;  the price  isn't right, other terms aren't right, possible collateral damage, quality of life, etc.   And for seniors (and anyone else) who might be considering selling their property in the near term, there is the question of marketability of leased and/or pooled property.   Some lenders are reluctant to write mortgages on residences on (or near by) property where a gas well may be drilled.  There is a way around this by agreement between the lease and mortgage holders, but a potential buyer would have to be really motivated to buy that particular property.  

I'm guessing that gascos would make the argument that being leased/pooled enhances the value of a property.  OK, then they should be willing to take the risk and reap the reward.   Make a good faith offer to buy the property before proceeding to force pooling.  It would still be disruptive for the landowner.  But it would offer an option by which a primary residence landowner would (probably) pay less of the proceeds to the IRS.  (Don't know about PA, tax, transfer fee, whatever.)

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Replies to This Discussion

Permalink Reply by Lynn Wigglesworth on June 17, 2010 at 6:00am
Well, I still think forced pooling is a bad idea, period. There are people (I know a few) who are morally opposed to drilling. They shouldn't be forced to participate in it; those of us who want to participate should be allowed to choose when and with whom we sign.

Forced pooling is just another reminder that we don't really own or control our land, or even have any rights to decide what happens to it. It's like the little old lady who refused to sell her house to make way for a parking deck...eminent domain, and big business wins again over the little guy.
Permalink Reply by William Ladd on June 18, 2010 at 5:11am
Well that is why capitalism is not the very best system of government. If you have enough money then you can rule the world. But it is the best that we have at the moment! Right?
Permalink Reply by William Ladd on June 18, 2010 at 6:06am
I intended to add to my posting that not everything can be converted to dollars and cents for everyone!. Any comments on this thought?

Bill L.
aka Bummy
Permalink Reply by Lynn Wigglesworth on June 18, 2010 at 9:17am
I'm a strong believer in rights...individual rights, property rights, etc, so I'm against 'forced' anything. When government starts siding with big business to take away those rights (like the recent eminent domain cases), we are all in trouble.

I was told in another forum that the current idea of forced pooling that is being kicked around does NOT benefit the gas co., but makes a lot more money for the landowner. So who is pushing for this forced pooling?? Not landowners who DON'T want to sign leases, not gas companies, not landowners who want to negotiate for the best lease...who supports this?

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