Muskingum County Landowner Group Enlisting Help of Commissioners As They Hold Out for Big Lease Money

From the Zanesville Times Recorder:
There’s strength in numbers, and a local landowner group is hoping the Muskingum County Commissioners remember that and won’t undercut the group’s position on what a fair lease price should be, if and when energy developers start asking about county-owned land. 
Representatives from the Utica Landowners Group of Coshocton and Muskingum counties, which has hundreds of members in each county and about 90,000 acres of potentially oil-rich land enrolled, said they have joined together with a common cause: get the most bang for their acreage buck from energy companies, without the need for attorney fees. 
That position stands at $5,000 an acre and no less than 20 percent royalty, although landowners in the group don’t have to commit to that.
Read more about this story here. 

An interesting aspect:  the part about not needing attorney fees.  As Marcellus Drilling News notes, that sounds like a really bad idea if it means they aren't going to use a lawyer at all in negotiating their lease.  The companies they're dealing with are surely going to use their attorneys.

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?