my ex-FIL, who owned quite a bit of farmland in Carmi Ill., signed a drilling lease. The drillers hit a brine but not oil. Drill mud everywhere and ruined several prime acres of farmland, polluted the surrounding water.
They were rude and they took him for a sucker. They knew they could get away with breach of contract and my ex-FIL for all his headache got literally nothing back. Threatened to sue them and they just laughed at him (figuratively speaking). Contract supposedly said they were supposed to clean up but they never did and left all that toxic drilling mud scattered on the farm land. That is what my ex-FIL said.
Just because they say there is a potential of oil down below, doesn't mean there is any worthwhile oil. Need to look at the down side as well. And what if the oil coming out is so slow that it is marginal operation? Is it worth the headache? Do they want to roll the dice? because from what I saw my ex-FIL's experience, that is what it is, ROLL THE DICE.



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