On Wednesday, June 2nd , I attended and spoke briefly at exceptional educational programs in Cheboygan and Petoskey sponsored by the MSU Extension Service regarding the current activities of several large companies who are offering unusually large sums to lease oil and gas rights. Several hundred persons attended the programs which were standing room only. The thrust of the speakers was don’t be hasty in signing the leases presented not only because within the fine print are provisions that may not be to a landowner’s best interest but also because the leases lack provisions that could be beneficial to the landowner. On the MSU Extension Service website, www.msue.msu.edu, are educational bulletins that are a Must Read for anyone approached by a lease buyer hired by one of several companies who’s only interest is in acquiring for his employer as many leases as he can at the lowest price for the lowest royalty. If one cannot find the information, a call to the local Extension Service office should get it for you.
In addition to the foregoing we direct your attention to www.oil-gas-leases.com, a good site for a basic education on the issues and possible pitfalls involved in oil and gas leasing.