I recently attended the Forced Fracking Pooling meeting held by the N.C. Mining and Energy Commission. Lawyers from the real estate and banking industry were present.
For those who have signed or are about to sign a lease, they need to alert their lending company.
It turns out that the banks will be first in line to share any commission that falls your way since they want to guarantee payment before your property values decline.
Real estate agents need to educate themselves on split estates and whether a potential buyer can ever get a mortgage near a natural gas-leased property.
Horizontal drills can affect residents up to two miles from a drill pad.
We need to slow down the process to frack and review our eminent domain laws.
Eminent domain is not supposed to be there so private industry can profit from my land, but this is the road we are heading down.
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