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The Supreme Court rules funding for the Consumer Financial Protection Bureau is okay, election deniers hold key voting oversight positions in swing states, and North Carolina lawmakers vote to ban people from wearing masks in public.

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Seller Beware: Big Interest in WV Gas and Oil Rights

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Tuesday, May 27, 2008   

Charleston, WV – High oil and gas costs have sparked a booming interest in drilling on West Virginia land. David McMahon with the West Virginia Surface Owners Rights Organization says many landowners are getting offers for mineral rights, but they should be very careful about what they agree to. He cautions landowners not to let themselves be hurried into a quick decision.

"These leases will last for decades and decades. You're gonna be deciding what your grandchildren will do with this land. So make sure you know what you're doing and get the things in the lease that you want."

Neighbors and communities can get a better deal, he adds, if they team up and negotiate to gain higher prices and better protections. McMahon warns that oil and gas speculators often show up with industry-standard leases, but those leases aren't in the interest of landowners.

"It may be their standard lease, but it doesn't have to be your standard lease. You should add in surface owner protections, and you may want to strike out some things--like secondary recovery and injection and being able to run roads across your land to get to other people's land. You should educate yourself and do that."

George Workman is a landowner in Boone County, and he knows all too well what can happen. He found out that a company owned the mineral rights on land he has owned for 30 years when surveyors came to prepare for drilling. The drilling caused a landslide where he planned to build his retirement home, he says, and the compensation and recovery done by the company were not enough to fix the problem.

"They've done got their part over: Their gas is running. Now it's my problem. It's my land falling in."

Workman tells other landowners to be very careful with mineral rights.

More information is available at www.wvsoro.org, or by phone, 304-346-5891.


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