[Durham INC] Homes sold in Durham minus mineral rights -- Fracking to come?

[Melissa Rooney]

I don't understand much about this mineral rights stuff. Soil and Water Conservation Board member Danielle Adams knows quite a bit more, but I was unable to talk for very long to her. I understand she may be speaking at an upcoming INC meeting...? This would be excellent for many reasons: stormwater problems, fear of fracking, mineral rights (which apparently are being sold for very little -- far less than they should be worth), etc.

I just wanted to raise the red flag by passing this information to everyone I know.
I can barely keep up with what's going on in my household these days, so I hope that, together, we can all stay informed and prevent catastrophic decisions by our local and state gov'ts... 

Melissa



________________________________
 From: "TheOcean1 at aol.com" <TheOcean1 at aol.com>
To: kjj1bg at yahoo.com; mmr121570 at yahoo.com 
Cc: inc-list at rtpnet.org; durhamenviro at yahoogroups.com 
Sent: Thursday, 12 April 2012 1:12 PM
Subject: Re: [Durham INC] Homes sold in Durham minus mineral rights -- Fracking to come?
 

It's been 
a good number of years since I took the pre-license Real Estate class, and maybe 
the curriculum has changed. What I recall is the statement, "from the core of 
the earth to the highest heavens", or something to that effect.
 
I just 
re-read the Offer To Purchase contract, and the words "Mineral Rights" aren't 
mentioned anywhere. I've read a bunch of articles, and watched the youtubes, and 
in one the fellow says that folks find out about it at the closing table - and 
just want to close!
 
Since 
Realtors are surely going to take blame, it would be very nice to know how 
we can prevent it.  I suspect if this were to happen at one of my closings, 
I'd tear up every piece of paperwork on the table.  But even that won't 
effect the guy a few blocks away who sold his rights to a company capable of 
drilling sideways.

Bill Anderson
REALTOR
(919)282-8209cell


www.FrankWardRealtors.com

(919) 688-5811 Office
(919) 688-2094 Fax
theOcean1 at aol.com 
 
In a message dated 4/11/2012 7:45:13 P.M. Eastern Daylight Time, 
kjj1bg at yahoo.com writes:
Melissa, 
> Is this not being disclosed to buyers? Are we now going to have to  purchase mineral rights separately from land/home? Could cities or counties  prohibit this? 
>
>Sent from my iPhone. Take typos and autocorrect errors lightly 
  please. 
>
>On Apr 10, 2012, at 6:30 PM, Melissa Rooney <mmr121570 at yahoo.com>  wrote:
>
>
>This really worries me, so I wanted to share the info  with those who I know care about what goes on beyond their personal property  lines:
>>
>>
>>Currently, houses in Durham are being sold minus the  mineral rights ... this is scary wrt the possibility of  Fracking and who knows what else.
>>
>>
>>See the links below. And please keep your eyes open  for any information pertaining to Fracking and Mineral Rights in Durham. We  will likely need to make our elected officials well aware of the hazards for  our county. 
>>
>>Does 
    a Developer Sale of Mineral Rights to an Energy Company 
    Foreshadow
>>Fracking
>>
>>http://www.indyweek.com/indyweek/does-a-developers-sale-of-mineral-rights-to%20-an-energy-company-foreshadow-fracking/Content?oid=2970445 
>>
>>
>>It 
    is also in the Herald Sun:
>>
>>Builder sells homes without mineral 
    rights. It was when he was 
>>finalizing the purchase of his new home in 
    Durham last month that 
>>Danny Conyers first heard the words "mineral 
    rights" brought up. [You 
>>may need to register to view this article.] 
>>
>>
>>http://www.heraldsun.com/view/full_story/18181034/article-Builder-sells-home s-without-mineral-rights 
>>
>>Here is a link to a video 
    about  Fracking in NC (by Durham resident Tina Motley Pearson for 
    Clean Water for NC):
>>
>>Fracking for Natural Gas in NC...  Can it 
    Happen Here?
>>
>>http://www.youtube.com/watch?v=hsrVF-DVFz4
>>
>>
>>
>>
>>--Melissa (Rooney)
>>
>>
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>>=
>
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