Trivia5 Jul 2014 19:14
Trivia.........This ranch is in the same area as those wells.........LOL
"In reference to the minerals, approximately 10 years ago, a considerable interest in natural gas exploration occurred in this general area. An exploration company approached the owner of the ranch regarding the construction of a gas line easement through a portion of the property. After considering the potential threat of condemnation, the owner negotiated the easement right-of-way for $80,000. Shortly thereafter, a 12 inch buried natural gas line was constructed across approximately 7 miles of the ranch. After the pipeline was constructed, the exploration company took bankruptcy, but because of stringent language in the easement document, all rights to the easement and the existing pipeline reverted back to the property owner. Then, in 2008, another exploration company approached the owner wanting to re-purchase the same easement and the existing pipeline. New negotiations began. The owner of the ranch negotiated a payment of $100,000 for the easement and an additional payment of $265,000 for the pipeline itself. The company also agreed to re-seed the pipeline easement. Because of cheap natural gas prices and other problems incurred by the exploration company, this company failed to perform and could not comply with the easement agreement. In November, 2010, ownership of this never used gas line again reverted back to the ranch. All ownership rights and future benefits from this gas line will convey with the property. This never used buried pipeline has become somewhat of a cash cow, and could potentially continue to be a valuable asset in the future."
And here they come again?
Http://www.landsofamerica.com/new_mexico/land-for-sale/32170.7-acres-in-Quay-County-New-Mexico/id/1178121
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