
05/24/11, 01:17 PM
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Join Date: Oct 2003
Location: Carthage, Texas
Posts: 12,261
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Good luck with banning drilling. The only way it can be 'banned' is for not a single person to lease their mineral rights.
Don't know about other states, but in Tx, mineral rights owners trump surface owners, every time. Like Stan said, money talks.
I'd hate to be a town that had an area leased, then tried to deny a legal owner their legal rights. Once the legal contract is signed, well it's a done deal. Negate that right, and someone's going to pay... and I daresay it'd not be a simple return of lease money to the lessees, but the unrealized amount of profit on the entire life of the well. Will the city/town/township pay back the lessees or would it be the lessors? Would an lessor still have any of that humongous lease payment left, after going on a spending spree? Would the lessor be able to sue the city/town/township for lost income?
You've got a big ol bag of fat worms looming, and the folks suing are going to get scalped... the lawyers on both sides will get rich, the lessors probably are going bankrupt, (unless they can recover from the litigants), and the oil companies will come out slightly less than they'd hoped for.
All I can say is good luck with suing... get your checkbooks out, better yet talk to your bankers, to see how much you can borrow for such a fight.
If the entire region doesn't want drilling, great.... all it takes is one ---------- with that nasty old concept of profits in their eyes (and visions of mailbox money each month) to spoil it for everyone.
They've been fracking hereabouts for at least 40 years (I was on a frack crew for a summer, in 77) and can't recall a single mishap.
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Luck is what happens when preparation meets opportunity. Seneca
Learning is not compulsory... neither is survival. W. Edwards Deming
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