Leasing Your Mineral Rights? Carthage, Aug. 23

August 23rd, 2011, 6-8pm
Old Town Hall Building, 203 W. Barrett St., Carthage NC

Thinking About Leasing Your Mineral Rights?

With the arrival of natural gas leases in central North Carolina, landowners should understand the complexities of natural gas exploration, acquaint themselves with how to critically assess mineral rights contracts and learn about the potential impacts of drilling on agricultural fields, water resources, timber, and personal property. On August 23nd at 6pm the Rural Advancement Foundation International will host Penn. St. Cooperative Extension Educator Tom Murphy and N.C. St. Cooperative Extension Specialist Dr. Ted Feitshans for a public community information session on hydraulic fracturing and mineral rights leasing. Topics of discussion will include understanding the gas drilling process, negotiating a fair mineral rights lease, potential impacts on land resources, and limiting landowner financial liabilities in contracts.

Mr. Tom Murphy is a Penn. St. Cooperative Extension Educator with extensive knowledge of gas exploration and experience working with landowners in the Marcellus Shale region of Pennsylvania. Mr. Murphy will lead a presentation on gas exploration process, potential impacts on land and water resources, and the experiences of landowners leasing mineral rights in Pennsylvania.

Dr. Ted Feitshans, attorney and an Extension Specialist in the Agricultural and Resource Economics Department at NC State University, will also give a presentation on how NC landowners can evaluate leases offered to them by drilling companies and determine the status of ownership of the mineral rights on their land. Dr. Feitshans is one of the few mineral rights experts in North Carolina, with extensive experience in environmental and agricultural law.

Representatives from RAFI-USA, a farmer advocacy non-profit organization based in Pittsboro, will be present to help landowners with additional resources on natural gas extraction and information on legal supports available to landowners interested in signing a mineral rights lease. Following the presentations there will be a question and answer session for program participants.

This event is free and open to the public and will run from 6pm-8pm on Tuesday, August 23rd, 2011 in the Old Town Hall Building in Carthage, NC. For additional information you may contact RAFI staff member Jordan Treakle: 919-444-1321; jordan@rafiusa.org

More information on mineral rights leasing can be found on RAFI's website: http://www.rafiusa.org/gaslease.html

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