CHARLESTON, W.Va. - Unsuspecting property owners around the country are getting trampled in an old-fashioned land rush by natural gas companies and speculators trying to lock up long-ignored drilling rights quickly and cheaply.
Stories of fast-talking industry representatives using scare tactics to strong-arm people into signing lowball leases are popping up in rural areas and suburbs from New York to West Virginia to parts of Indiana and Texas. All sit atop largely untapped natural gas deposits made suddenly viable — and valuable — by soaring prices and improved drilling techniques.
"That original speech that guy makes to the rural property owners, it hasn't changed much in 100 years," Rodgers said. And like Castle, Rodgers said landmen often warned that homeowners risked getting nothing if they didn't sign. "These landmen do lie. They do exaggerate."
Gas companies such as Chesapeake Energy Corp. make no bones about their desire to lock up leasing rights. The Oklahoma City-based natural gas giant calls its aggressive lease acquisition program the "land grab" in its latest annual report to the Securities and Exchange Commission.
(Click to read entire report)
Blog Archive
-
?
2008
(616)
-
?
May
(112)
- CASE 07-M-0548 - Proceeding on Motion of the Commi...
- Rochester Gas and Electric nears labor deadline wi...
- Lease deals please landowners 300 agree to receive...
- Pa. orders partial shutdown of natural gas drilling
- Wastewater Sludge: A New Resource for Alternative ...
- NY Initiative for Development Accountability
- Energy Policy And The Electric Car
- US boosts energy trade oversight, probes oil market
- ExxonMobil fights off call to invest in oil altern...
- Put Your Waste Heat To Work With a Green Machine
- Senate Bill to Reduce Greenhouse Gases Would Cripp...
- U.S. Department of Energy Announces Bright Tomorro...
- Cap and Trade Legislation's Economic Impact on New...
- Rolling Blackouts in the Southern Tier
- Markey unveils sweeping global warming bill
- RENEWED ENERGY: Outlook Sunny For Securities Fraud...
- Landowners getting trampled in gas rights rush
- What's Green and Goes Pop? by NIGEL LAWSON
- NYPA to hold hearing in Syracuse on hydropower sup...
- NYSEG to hold session on transmission project
- On eve of Exxon vote, a look at other Big Oil alt ...
- Public Utility Commission dissolved by ROB PRICE
- 100 Mile Range TRIAC EV Available Now!
- Legislature promising renewable energy bill
- Crucial decision ahead for public service commission
- Finger Lakes Water Day - Sunday, June 1 from 12 to...
- 2008 Smart FourTwo
- Taking Over
- Bad ethanol press may lead to changes in renewable...
- Environmentalist says proposed tax wouldn't help e...
- National Grid seeks first natural gas rate hike in...
- Caution urged in signing leases for tapping natura...
- Eminent Domain Imminent in Prattsburgh? by Arnold ...
- No Electricity Issues Expected This Summer
- U.S. House Passes Renewable Energy Tax Credit Exte...
- Oil and Gas on Public Lands Off-Limits to Exploration
- Patience wears thin in Iberdrola bid
- S. 2191: America's Climate Security Act of 2007
- E-Fuel MicroFueler Turns Sugar, Stale Beer Into Ga...
- SF Becomes First In Nation To Charge 'Pollution Fee'
- Renewable Energy Ocean Wave Technology Validated
- The U.S. needs an energy policy based on sound eco...
- Bill Calls for Exempting Renewable Energy from Pro...
- Lieberman-Warner Opposition Resource Center; Impac...
- Save Energy Save Dollars
- Forget everything you are being told about Global ...
- Green Bean - Production Tax Credits
- Senator promotes bill to freeze ethanol mandate
- Alternatives to alternative energy
- Spanish Fly: Iberdrola’s $8 Billion U.S. Bet
- Battle over power blows in the wind
- Save St. Lucie Alliance targets Palm Beach County ...
- NY Initiative For Development Accountability
- Senate poised to take up sweeping global warming bill
- U.S. Department of Energy Schedules Regional Works...
- Free New York Candidate Survey–Congress
- Renewable energy tax bill advances in House
- Senators Warn Bill Could Spike Gas $1.50 to $5 a G...
- UPS Makes World's Largest Order for Hybrid Trucks
- Carbon Tax and Spend
- Bartlett's bill would extend renewable energy tax ...
- How new US biofuel legislation will subsidize oil ...
- State, federal energy policies topic of power prod...
- T. Boone Pickens on Alt Fuel, Energy and Politics
- NY Gov. Paterson And Senator Schumer Meet With Wes...
- NY power producers to hold annual meeting May 14
- Carbon Cap and Trade, and the Costs of Trading Hot...
- Carbon Sciences Targets Near Term Multi-Billion Do...
- Natural gas lease will bring in $90 million
- State Has Demand Without Supply
- CO2 maps gas sources
- PSC looking out for the consumer
- Researcher: Discovery could end energy crisis
- Paterson to restructure state development agency
- Paterson To Eliminate Upstate Economic Development...
- Group critical of wind farms
- PROJECT SUNSHINE NEW YORK STATE
- ATTORNEY GENERAL ANDREW CUOMO APPOINTS SPECIAL DEP...
- Schwinn's Electric Bikes Now Available
- Wind energy company Noble Environmental plans IPO
- Expect a Jolt When Opening the Electric Bill
- Windmills are a hurdle in Spanish utility's bid to...
- Give back to the grid
- VW Will Sell a 200 MPG Car in 2010
- Energy reduction plan would hike bills
- Energy board switches on by LARRY RULISON
- A first crack at pricing carbon in the U.S.
- NYSEG advertisement - Community Energy, a company ...
- Green energy means more work for lobbyists
- National Grid Advances Energy Efficiency Programs ...
- ALBION: Wind witness speaks out by Nicole Coleman
- Assemblyman Morelle May 5, 2008 CPA Reply Letter ...
- Clear way for Energy East sale by Assemblyman Jose...
- Gas Up Your Car; Starve a Peasant
- Information from Clayton Planning Board
- William Tucker on alternative energy in The Weekly...
- Move Over, Metal: A Big Idea for Offshore Wind
- First Tesla Electric Car Store Opens in Santa-Monica
- Undoing America’s ethanol mistake
- Small dam owners balk at tighter rules
-
?
May
(112)