State Review of Environmental Impacts Could Result in Mineral Leasing Opportunities in Maryland
State Review of Environmental Impacts Could Result in Mineral Leasing Opportunities in Maryland
Files
Publication or External Link
Date
2014-05
Authors
Goeringer, Paul
Lynch, Lori
Advisor
Citation
DRUM DOI
Abstract
Starting in 2007, many western Maryland landowners saw increased oil and gas leasing as gas companies further developed the Marcellus Shale which contains one of the largest known natural gas reserves in the world. The Marcellus Shale is adjacent to a large energy market in the East Coast. The formation is located primarily in eight states, including Pennsylvania, New York, West Virginia, and western Maryland. Many
landowners may think that the period for
understanding how to negotiate an oil
and gas lease has passed, but Maryland’s
oil and natural gas resources have not
been fully developed. This Bulletin will explore some of the legal obligations that mineral owners should consider.