Oil and Gas lease

[Will Barnett]

A drilling company has just offered everyone in my subdivision the opportunity to lease their land for horizontal drilling. There is a huge shale (the Barnett Shale) here in Texas that is the largest in the country. From what little I understand, apparently there are new breakthrus in horizontal drilling that allows access to natural gas and oil under developed land.

Is there anyone with experience in this? Are there possibilities of damage to the home, like foundation issues. Homes here are already notorious for foundation problems due to the Texas clay. The idea of drilling wells under my home isn't very comforting.

I guess for the right price I would go for it but the first thought that comes to mind is how the lease contract is structured and who pays me if my house disappears in a huge sinkhole! :eyes: