What does compulsory integration mean for you?
GAS DRILLING & COMPULSORY INTEGRATION: WHAT ARE YOUR RIGHTS?
Energy companies may be able to remove natural gas from your property even if you haven't signed a drilling lease due to the Compulsory Integration provisions of the New York Oil, Gas and Solution Mining Law. The public is invited to learn more about this topic and to ask questions at a free, educational forum on Monday, November 14 at the Dryden Fire Hall, 26 North Street in Dryden. Doors will open at 6:30 and presentations begin at 7:00 p.m. Presentations will be followed by question-and-answer period.
Topics to be covered include: an explanation of Compulsory Integration (CI) and its legislative history; an overview of compulsory integration hearings and your rights; impacts of CI on your land rights and how CI could affect your ability to obtain mortgages and loans.
Presenters include: NY State Assemblywoman Barbara Lifton (125th District); Kenneth Holden, Esq. of Hancock Estabrook in Syracuse, an attorney with extensive experience in natural gas leasing who has represented clients at compulsory integration hearings; Greg May, vice-president for Residential Mortgage Lending at Tompkins Trust Company; Carol Chock, TC Legislator and member of the TC Council of Governments Gas Drilling Taskforces Committee on Land Values/Assessment; and Nancy Larraine Hoffmann, farmer, spokesperson for Land Stewards of NY and former NY State Senator.
This forum is sponsored by the Cornell Cooperative Extension of Tompkins County and Fleased. For more information contact Sharon Anderson, Cooperative Extension of Tompkins County at 607-272-2292 or Ellen Harrison at 607-539-7133.
Here, it meant we were careful to make sure that the "no drilling" clause on the property we bought last year was a "no voluntary drilling", because it would have been terrible to have to return all of that property if we found ourselves caught in this bizarre web of sort of kind of mostly eminent domain for private purposes.
Posted by simon at November 13, 2011 9:16 PM in energy