If they want it, they'll take it. Read about it in the Fort Worth Business Press.
You have to read it to believe it.
Fort Worth attorney Jim Bradbury got a letter in the mail from XTO Energy Inc., informing him that he could lease his minerals to the gas exploration and production company or, if not, they’d take them anyway.
“There’s almost an eminent domain essence to it,” Bradbury said, “where an operator can come in and say, ‘Through this Finley decision we are going to put you under a lease or get hold of your minerals by force of law.’”
And we have to ask - SAYS WHO?
Mineral owners are well-protected by the Railroad Commission of Texas and its requirements that gas companies must meet before applying for a force pool situation.
Monday, January 11, 2010
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