Check this shit out....

Kriebel?

And every company runs title on a property before they drill on it. It’s called abstracting. They run the chain of ownership of the gas rights back to the very first documented record. Then an attorney certifies it.

If you don’t do your due diligence and a court rules that someone other than who you have leased owns the gas rights, you have NO CLAIM WHATSOEVER to that gas, and neither does the surface landowner. Therefore, you just drilled someone a $200,000 hole in the ground and he’s going to get to keep 100% of the production instead of the 1/8 royalty… and the gas co will get nothing. This sometimes happens even after someone has run the title, but the certifying attorney’s E&O policy will cover it.

Our company is still fairly small. It has big aspirations though, and hopefully my salary and perks will grow with it. :x:

Should be a hell of a ride, getting in on it at the ground floor at such a young age.