Be wary of mineral, oil, gas and wind contracts

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Experts at Michigan State University remind you to proceed with caution before entering into a contract for mineral, oil, gas or wind rights. They say the best thing you can do is to consult an attorney before signing any agreement.

Apparently, a number of farmers and landowners are being approached by oil and gas developers to lease their land for oil exploration, and others are receiving offers for mineral rights — sometimes in the form of a letter that does not contain a formal lease agreement to review. To avoid this and other potential traps, check out the MSU extension oil and gas web page that contains additional information and resources for property owners.

Click here for more information.

Comments (0) Leave a comment 

e-Mail (required)


characters left

5E Series

Introduced in 2013, the new 85 and 100 hp John Deere 5085E and 5100E feature 4-cylinder Interim Tier 4 emissions-compliant ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight