0 – 15 Minutes
Doug discusses the importance of landowner specific information and leverage assessment in oil and gas company negotiations, and how you or the companies can use this leverage. Discussion regarding company Landman tactics and approaches to landowners. What landowners should be watching out for and thinking about when dealing with gas and pipeline companies, and how to avoid being taken advantage of by companies and their landmen.
15 – 30 Minutes
Doug explains how landowners can develop reputations with gas and pipeline companies as ‘signors’ of documents. This reputation lays a framework for future bad agreements and lower compensation. Landowners must not simply sign documents as they are presented but assess their leverage and negotiate any and all offers to develop their property. Setting a bad precedent as a “signor” in agreements will only weaken the landowners’ position in future negotiations, and representation could help to avoid this.
30 – 45 Minutes
Doug gets fired up about how companies use low gas prices to take advantage of landowners with new lease and pipeline agreements. Doug explains the need to look beyond current natural gas prices and into the future to obtain the best possible contracts with gas and pipeline companies. Doug also discusses what landowners can do to protect themselves and get quality information. Doug talks about how price impacts will undoubtedly affect agreements, they must not be allowed to be used as a tool to shortchange the landowner.
45 – 60 Minutes
Doug continues to discuss low natural gas price impacts agreements and provides examples of significant compensation offers to buy oil and gas rights and lease offers in today’s down markets in favor of the company. Doug further explains how companies use current conditions to negotiate strong company agreements to the detriment of Pennsylvania landowners, and how important it is to consider the future when entering into agreements where price impacts are brought up.
