Posted by LAA on July 21, 2014 at 19:45:00 from (86.51.147.113):
In Reply to: Oil and gas lease posted by rrlund on July 21, 2014 at 13:19:37:
It is basically free money wanting a home. O/G leases are simple contracts by and large, I would think the only difference from state to state was based on local and state law, if a successful well is drilled within the section that your land lies in you will receive some royalties regardless if you leased or not but you will get more if you are leased and there is always the chance they would drill directly on your land. The only time I ever worry about an O/G lease is when they don't renew, which has happened in my part of the country since the natural gas boom/glut.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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