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Re: OT - Gas Oil leases (long post)
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Posted by Eric in IL on March 22, 2006 at 05:56:22 from (67.72.98.45):
In Reply to: OT - Gas Oil leases (long post) posted by Hurryin_Hoosier on March 21, 2006 at 18:22:21:
Here in Illinois the Montgomery County Board recently sold 120,000 acres of county owned coal rights for something like 6 million. The company that bought the rights wants to use the longwall method of mining. In longwall mining the machine mines a 1000 to 1500 foot wide panel. The surface of the land subsides 4-6 feet everywhere except the strips left at the edges of the mining machine. ( Instant terraces ) You can imagine the damage to surface buildings/homes as the miner gradually progresses under these structures. Needless to say , the landowners here are fighting this method of mining. Our Farm Bureau and NRCS have recently joined the battle. If it were me, I would try to keep any rights I had and tell the gas company to take their paltry offering and get off my property.
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