My Wife and I own 40 acres in an area that is going to be explored for natural gas.
We do not own mineral rights, which is common.
I was wondering if anyone has had an exploration company set up camp on their property? As I understand it, they do have to lease surface rights to be able to do so.
Do they just lease a portion? What might such a lease be worth?
If product is found and they set up a well, don’t they have to continue the lease as long as the well head is there?
We have no idea if they are interested in our specific property; but, the adjacent landowner has asked us three times if we would like to sell. He is the president of a different Oil and Gas exploration company. And has a house on his land.
I know there are too many unknowns, for anything but speculative answers. The SDMB is as it often is, a first step and a place for me to get some ideas.