Zero Demand for Natural Gas Leases in New York
September 11, 2013 | Bloomberg.com
An article on the Bloomberg website tracks Chesapeake Energy's natural gas activities in New York, from acquiring their first leases in 2000 for a few dollars per acre to walking away from the state and leaving their investments behind.
$12,000 Per Acre for Utica Leases
August 22, 2013 | NASDAQ.com
Aubrey McClendon, former CEO of Chesapeake Energy, and current head of American Energy Partners, is making big bets on the Utica Shale in southeastern Ohio, paying over $12,000/acre for leases.
Related: What is the Utica Shale?
Should Royalty Owners Be Paid for Flared Gas?
February 4, 2014 | NPR
An energy company leases your land and starts drilling a well. The well starts flowing oil and natural gas. The oil can be collected and hauled away in trucks but dealing with the natural gas when there is no nearby pipeline is a nuisance. So instead of shutting the well in and waiting on pipeline the energy company decides to flare the gas and sell the oil. That wastes gas that the royalty owner might have been paid for.
Natural gas is being flared from so many places on this planet that you can see it from space.