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The Midas touch

June 9, 2013

At the hearing on Anadarko's plan for gas drilling in Loyalsock State forest, I understood DCNR cannot flatly refuse to allow drilling, as Anadrako owns subterranean gas, though not all the surface......

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(18)

ToTEXASfromPA

Jun-10-13 8:59 PM

"Mr Reeder, I have not until now, amazing what these guys will do"--rick424

++

Shhhh! Don't tell anyone else but can you believe they burn diesel fuel and gasoline in their trucks. They also have to replace tires because the rubber wears off. They have to replace the oil in their engines. They use ethylene glycol in their cooling systems. They spray windshield wiper fluid/bug cleaning solvents on their windshields. Their vehicles have also been painted. Their workers also belch and fart.

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rick424

Jun-10-13 3:59 PM

Mr Reeder, I have not until now, amazing what these guys will do.

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BornHere

Jun-10-13 11:47 AM

Mr. Reeder, I've known about it for awhile, they use that extraction process in Wyoming.

If you do not live in a State where the industry "Melts Rocks" to extract most people are unaware of this practice, like I said before I've been dealing with the industry for almost 25 years now and nothing they do surprises me because I've seen it all before.

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CMReeder

Jun-10-13 10:39 AM

Born and rick have either of you read the reports on the method of drilling/fracking called 'acid jobs'? Right now California legislators are holding hearings on this method and how to legislate it or not legislate it.

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BornHere

Jun-09-13 8:51 PM

rick, a friend of mine told me yesterday that they are building a offshore wind farm off of Rhode Island and Massachusetts shores, check it out.

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JerryfromRI

Jun-09-13 8:44 PM

I believe the DCNR is wrong when it says that its options are limited. I assert that the subsurface rights can be ceased by eminent domain and current owners compensated at fair market value. I site Kelo v. City of New London as legal precedent.

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rick424

Jun-09-13 6:45 PM

I am trying not to, but, well you know.

2 Agrees | 1 Disagrees | Report Abuse »

BornHere

Jun-09-13 4:05 PM

Sorry someday I will learn how to spell, "Prophecy"

Hey rick424, I thought you were not going to comment on gas issues anymore?

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BornHere

Jun-09-13 2:09 PM

Only when the last tree has died and the last river poisoned and the last fish been caught will we realize we cannot eat money. Cree Phophecy

9 Agrees | 2 Disagrees | Report Abuse »

ToTEXASfromPA

Jun-09-13 1:36 PM

" If you lease for gas and they find oil, that is your loss, same if the they find gold."--Rick424

++

Most leases spell out what rights are being conveyed to the lessee. It needs to be agreed upon by both the lessee and the lessor.

I have seen some leases that even break it out by depth or the deeper rights to production below the producing zone could expire within some period of time, if they are not developed.

Usually most gas companies don't lease rights to gold when they lease the gas/oil rights; at least the ones that I have seen.

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CMReeder

Jun-09-13 12:13 PM

Not all property owners have mineral rights to their property.

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rick424

Jun-09-13 10:40 AM

(con't)

It is funny, but the company owns the mineral rights, how does the state benefit from the royalties on the minerals it does not own? Looks like the state got hosed and so did the people. No worries, we will be energy independent and think of all those jobs.

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rick424

Jun-09-13 10:38 AM

The landmen are shady characters for sure. Their main goal is to make money for the industry. If you have no clue what you are doing, well good luck to you. If you lease for gas and they find oil, that is your loss, same if the they find gold. Unless you really read your contract and get a lawyer your are hosed. As for split estates, that is a problem here and everywhere. I noticed a lot of properties for sale that do not include the mineral rights. Dumb, dumb, dumb if you buy it. As a surface owner you have no rights other than paying the real estate taxes on your property even if there is a gas well on it and you can't even use some of your property. People really need to know what this industry is doing to this state and the people in it. There are law suits out the wazoo against these people. Where are our politicians, you know the ones to represent us, I bet they are lining their pockets somehow. (con't)

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Premier

Jun-09-13 8:37 AM

Thanks Tex that's what I thought, The way the letter was poised was a little vague.

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ToTEXASfromPA

Jun-09-13 7:49 AM

Premier,

If you are the land owner, you generally own everything from surface to the center of the earth, except in PA where they own the fresh water but will let you use it on your property. This is a topic for other discussion.

As the owner of the surface and all that is underneath, ie. the topsoil, rock, sand, limestone, coal, natural gas, oil, uranium, etc, you can extract them yourself or sell rights to others to extract them. The gas companies will lease, ie. pay a fee for rights to initiate drilling and production operations on your property. The leases can be for a few years or perpetuity and can cover all or a portion of the minerals that I mentioned above. In addition what is common is that they will pay you a royalty, ie. money for a percentage of the production. In this case, the minerals were separated out from the surface rights many years ago. Anadarko bought the mineral rights from that owner.

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CMReeder

Jun-09-13 7:48 AM

The anti environmentalist have poisoned minds.

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Premier

Jun-09-13 7:13 AM

I'm a little confused, how can Anadrako own the subterranean gas without the surface rights?

The surface rights are the gas leases is that not correct?

And what would DCNR be taking away from them without compensation.

Erik....if you will please.

2 Agrees | 0 Disagrees | Report Abuse »

eriklatranyi

Jun-09-13 6:15 AM

Human rights?!

The mind of an environmentalist is a bag of cats.

8 Agrees | 15 Disagrees | Report Abuse »

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