In the latest article of the “Drilling Down Series” Ian Urbina and Jo Craven McGinty from the New York Times have worked to collect and analyze trends in 110,000 landowner oil and gas leases from 6 states. They have written the following article that documents some of the trends they have found including interviews with landowners that describe difficulties some are finding in implementing agreements in leases. It is an important read for anyone considering a lease:
There is also a searchable archive of over 110,000 leases and related documents, with explanations of some key legal terminology that you can find here including approximately 1,200 leases from Ohio:
Note from Times: There are more than 8 million oil and gas leases in the United States. This collection only contains leases, addenda and other documents from counties that digitized their records and that were willing to provide them. The Times collected the leases and other related documents, signed between 2007 and 2011, because many leasing experts said that they lacked an ability to review a diversity of leases to compare terms. A research team from the Emmett Environmental Law and Policy Clinic at Harvard Law School assisted the Times in analyzing some of the legal language.