October 2011
29th October 2011
Mineral Rights Leases Endanger Homes
Maryland’s attorney general is urging people in the western part of the state to check with their mortgage lender before signing a mineral-rights lease.
Douglas Gansler says some federally approved mortgages have requirements that conflict with mineral-rights leases. He says property owners who are considering a mineral-rights lease should have their bank or mortgage lender sign off on it to avoid potential legal problems. Read more »
8th October 2011
Oil Rig Count Rises for First Time in Three Years
U.S. active rigs rose by 22 to 2,012 this week, up 20 percent from a year ago and the highest in more than three years, according to Baker Hughes. Oil rigs were up 10 to 1,070 and natural gas rigs added 12 to 935. Texas gained eight rigs to 912, and Oklahoma gained six to 202. In the Barnett Shale, active rigs fell by eight to 56, according to RigData. Leading counties were Tarrant, 20 rigs; Wise, seven; and Denton and Johnson, each with six.
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