|Our gas well is about 1/3 mile, the other side of 2 timbered hills we own. Prior owner went to court to enforce deeded right to gas for this house. Small local E&P owner showed up in court and proceeded to piss off the judge.<g> No surprise, judge's ruling - in perpetuity - in property owner's favor for current or ANY future well on our mineral acreage (nearly 4X the surface acreage). Award was even better than prior property owner's lawyer asked for. Our cost is very reasonable. |
Ornery, but very funny, local equipment contractor/neighbor told me he was at our well loc. when dye tests were run. (Dye injected into large NG storage field 10 miles south. Good show of dye flowed into our well. That means we have close to a perpetual motion machine.
Every year, from June to September, gas is injected into the field and pressures up flow to our well, AWA as others in the area. No enough to materially impact storage field cash flow. But, more than enough for our needs.
Hope #1 son never sells this place. When they eventually drill the Marcellus? And they will. Will pay for this restored landmark 19th Century home and acreage several times over plus property taxes far into the future. Certainly one of the 3 best long term investment decisions of my life. 200 yrs of wheeler dealer Yankee Trader ancestors, from southern CT, are smiling. Even more when they look at what #1 son has achieved at only 34.
Life at 75, couldn't be much better.