U.S. Energy enlightens Land Owners with Gas well Interests and Concerns
MAYVILLE — During the annual Mayville village park picnic of Land Owners with Gas well Interests and Concerns (LOGIC), US Energy representative Ryan Holbrook thoroughly reviewed the various aspects of the oil and gas leasing process.
He began by covering the rights of property owners vs. the correlative rights of the nation or state with New York leaning more toward property owners. He continued with royalty interests with an eighth of the production being the normal share for the landowner. He further stated that most leases provide 200,000 feet of free gas annually from the well to facilitate home heating.
In the second half of Holbrook’s presentation, he introduced the group to the aspects of high volume horizontal hydro-fracking. He quipped that although this process may be controversial and currently not permitted in New York, nonetheless, the successful development of this process in neighboring Pennsylvania has attributed greatly to the dynamic improvement of the Buffalo area, particularly with oil and gas developers Terry and Kim Pegula’s investment in the Sabres, Bills and Canalside.
Ryan further speculated that the release of the 2010 in his words “quasi” truthful documentary “Gasland” clouds the “fracking” issue through creating an adverse image to the public of pending environmental and social doom.
In the end, Holbrook pictured a best case scenario of the collaborative efforts of renewable energy sources such as wind and solar being used in conjunction with the safe development and use of natural gas to stabilize consistent electrical production and grid demands as utilization in most areas continues to increase.