It seems like there is a find or potential find up here in Michigan. Some people signed leases on the cheap, others for 1500 an acre. The State was one of those parties. They got the large figure so there must be something going on.
Anyway, I was pretty happy years ago to have the rights revert to me when the lease expired on my property that I had purchased. One less encumbrance. I knew a guy that had property with lease agreement. Well, some exploration company decided his place was the place to drill at. On 360 acres, not a problem, but on 10 or so, they are in your back yard. I'd rather be left alone in my rather peaceful and quiet environment. I have 10 acres and I do not need the money. I could sell my pines for cash if I needed instant money. I've made about $13,000 off of them so far. The land I bought was free over the long term.
However, if they are sucking natural gas out from under me, well, hey, McMaster, MSC, Grizzly, and Enco needs my support checks. Anyone understand the law on having a non lease property where gas extraction is being performed near by?
Some guy that doesn't respect the 'Do Not Call' list banged on the door tonight, I sent him away with orders to stay away. Now if he had sent a letter by US Mail, I might have at least discussed the matter with him.
Wes