March 18, 2012

Mortgages for Drilling Properties May Face Hurdle

By Ian Urbina, New York Times

The Department of Agriculture is considering requiring an extensive environmental review before issuing mortgages to people who have leased their land for oil and gas drilling.

Last year more than 140,000 families, many of …

December 28, 2011

Promises made, but not kept, and it's all legal

By Joshua Schneyer and Brian Grow, Reuters

TRAVERSE CITY, Michigan ­ Late in the summer of 2010, hundreds of farmers in northern Michigan were fuming.

All had signed leases with local brokers permitting drillers to tap natural gas and oil …

November 10, 2011

Home Mortgages, Homeowner Liability Affected by Gas Drilling

New York State Bar Association Journal
November/December 2011, Vol. 83, No. 9, lead article

“. . . issues not often discussed, such as the owner’s potential liability and the continued viability of the mortgage.”

“Residential fracking carries heavy industrial risks, …

October 19, 2011

Rush to Drill for Natural Gas Creates Conflicts With Mortgages

By Ian Urbina, New York Times

As natural gas drilling has spread across the country, energy industry representatives have sat down at kitchen tables in states like Texas, Pennsylvania and New York to offer homeowners leases that give companies the …

June 5, 2010

Houses for Shale

New mortgages unavailable for properties with gas drilling leases
By Linda Fields (Pike County Courier)

NORTHEAST Pa — Property owners may make money from leasing to Marcellus Shale gas drillers, and they may also find their property can’t be financed …

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