Dreams of gas riches fading for NY landowners

AP via news.yahoo.com ^ | Tues Feb 26, 2013 | Mary Esch

[Axenolith]

YOU win the kewpie doll!!!

Seriously, individuals like that lady should back-charge the state for the losses, or sell the property while RESERVING the mineral rights or a significant portion thereof.

[nothingnew]

There won't be any fracking in New York State until the politicians and their cronies have bought up most of the land from the bankrupt farmers. Then, and only then, will there be fracking.

Very astute...and true.

FMCDH(BITS)

[Ruy Dias de Bivar]

***Does this woman, actually think she’s gonna get nearly a 1/2 million dollars up front,***

Most likely she will be offered a two year contract for a few hundred or thousand dollars to give a company rights to drill, WHEN THEY WISH.

If they drill and find gas she will most likely be given the choice of 1/8 or 3/16 of the royalties as long as there is recoverable gas in the well.

The royalties will be partitioned out with other land owners in that particular drilling area.

[Jack Hammer]

The hard Left Marxists currently running most of America don’t like anyone making money except themselves; it’s an old, old story, as witnessed in the histories of Russia, China, Cuba, Vietnam, and many other places.

Guess it’s America’s turn now to fall to communism.

[meadsjn]

More said. "I don't want to be on social services. I want to take care of my family with my own land."

That right there is the sort of attitude our wonderful socialist utopia is designed to stunt.

Soon as the government and/or liberal NGOs get control or ownership of her land, THEN the oil spigot can be turned on.

[KittenClaws]

3% is the going rate, unless you are very skilled. With an unproven play, she’ll bring in a few hundred on a three year lease, with proven production, she could draw several thousand at least every two years.

Most likely, with her limited amount of land, she could draw around 20k yearly with a Producer..

As far as other landowners are concerned, sure, they could pool, and horizontal drilling could play a part, but, well, see above “unless you are very skilled”

[Ditto]

And most of all, they're waiting for New York Gov. Andrew Cuomo to make up his mind on whether to lift a moratorium on fracking.

The only people in the State of New York Cuomo gives a s**t about are those few high dollar donors who live in Manhattan. A completly worthless but very wealthy ding bat like Yoko Ono means far more to Cuomo than tens of thousands of struggling hard working people like this woman.

If fracking isn't deemed to be PC by the leftist elite, there won't be any fracking in New York. Those elites could care less about that peon woman, her children, her horse farm, or all of the small towns upstate that are dying a slow death due to their left wing BS.

[TheBattman]

Lefties want us back in the stone age. No oil, no coal, no natural gas, etc. They don’t want hydro-power or Nuke power. It’s all about penalizing humanity and control.

[spokeshave]

Meanwhile ND is creating millionaires at a rate of 2000 a year....

Adam Smith's invisible hand working overtime.

[1010RD]

a decision languishes on whether the state should allow fracking

Life with Democrats. She should move her horse farm to Cook County. She'd not notice a difference.

[FatherofFive]

The only people in the State of New York Cuomo gives a s**t about are those few high dollar donors who live in Manhattan.

Years ago, during the Carter energy crisis, I had a bumper sticker directed to the enviro whackos in the Northeast:

Let them freeze in the dark

[USFRIENDINVICTORIA]

Albertans, at that time, had a similar bumper sticker. It said "Let the Eastern Bastards Freeze in the Dark". (They were referring to the voters east of Manitoba, who put Pierre Trudeau in power.) There was also a book: