I was told by the landman for camterra who is currently trying to lease in the area that he was "voluntarily" going back to the neigbors that had leased for less money and catching them up to the "going" rate. I hear that there may be a legal requirement for the landman to do this. Can anyone confirm this?
Maybe he really is going back,because he is a nice guy. Or wants surface rights, or deeper boundaries. Maybe he just says he is. Checking around I personally have not found anyone who got a favored nation clause, or a noise abatement clause.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More