Toledo Bend waterfront

I'm sure this question has been asked before but I couldn't find anything on it - we own a camp on the water and have heard that if gas is found the owners of lake front will get some type of compensation.  We don't own the mineral rights.  Any truth to the rumors?  Sorry if this is a repeat question.  Thanks for any info.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 17, 2010 at 10:36
The only land owners who are not mineral owners who will receive any form of compensation are those who enter into right-of-way, well bore easement or surface site location agreements.
Permalink Reply by SJ Morris on October 17, 2010 at 10:52
Thanks so much, sounds like this won't effect us!

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 17, 2010 at 11:00
I wouldn't say that SJ. If there is development in your vicinity you will see plenty of heavy vehicle traffic and damaged roads. Of course that same development will be a shot in the arm for local businesses. Balancing the damage and annoyance with the benefits isn't easy but will be up to your local elected representatives. The parishes with the most development have passed or are formulating ordinances to manage the traffic, road damage and noise.
Permalink Reply by SJ Morris on October 17, 2010 at 14:51
Your so right, we were there this weekend - trucks flying down a narrow dirt road and a noisey little boat in the water putting down poles.

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