Belmont County Landowner Says XTO Energy is Trying to Strong Arm Him Into Signing Lease

From Shale Play:
Curtis Wallner is not sure what "nuisance oil" extracted via fracking is. 
Neither is a spokesman for the Ohio Department of Natural Resources, which oversees mineral extraction in the Buckeye State. 
Because of that uncertainty, Wallner - who owns more than 26 mineral acres outside Bellaire along Sand Hill Road in an area that already features multiple wells in various stages of drilling and fracking - said he has declined to sign a lease with any drilling company. 
The wording of the latest offer he received calls for paying $8,000 per acre with 20 percent worth of production royalties. Although this would land him a check for $211,145.60, in addition to future royalties, Wallner refuses to sign, largely because of the nuisance oil term. 
"I told them I am not going to sign. So they said, 'We'll just take it then because we've got your government behind us,'" Wallner said. "This is all a big joke to me. It isn't right what they are doing to me, and it isn't right what they are doing to a lot of people."
Read more by clicking here.

Have any of our readers encountered these sorts of tactics in negotiating with drillers?  Threatening someone with forced pooling and refusing to explain a strange term in the lease - a term which the article goes on to state that even a representative from the Ohio Department of Natural Resources is unfamiliar with - is definitely the sort of behavior that hurts the industry's reputation.

Connect with us on Facebook and Twitter!

Popular posts from this blog

Pennsylvania Operator To Acquire Three Natural Gas Producers

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Major Oil and Gas CEO's Side With Climate Change Initiative