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Originally Posted by wdfifteen
Sounds like the message is, if an oil company offers you a contract, get a lawyer. This may become a big law specialty with lame commercials on TV like the the asbestos and IRS lawyers have.
So far, the one thing that bothers me about fracking is that they won't reveal the "other chemicals" used in the process. That sounds a fishy to me.
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There are plenty of law firms around the area which are angling for the landowner/leaseholder market. It is possible to negotiate your lease without an attorney, but if you don't have any background in contracts or drilling leases(or are knowledgable about the whole process", seeking the help of a pro is encouraged.
In the rush to get land "under contract", the early gas frack leases were based upon Texas oil frack leases, using alot of the same language and even the designated acreage for what was considered a "unit". This has since changed with more gas-specific leases being written, as the land grab has somehwat subsided.
You touched on another major issue what exactly is in frack fluid?--the drillers claim it is "proprietary information", but the issue isn't the percentages of "other chemicals" used in frack fluid, they simply won't voluntarily divulge what the "other chemicals" even are. I know the EPA is pushing hard to get them to release this information. We shall see though.