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Oil’s up, gas is up: Here’s the leasing low down

The phone call came in cold, three weeks ago. A major gas company was offering $10,000 to buy a 50-foot-wide, pipeline right-of-way easement over about a half mile of timberland I own with three others.

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Oil and gas leases

A boom is happening in places with oil and gas reserves. Deep “plays” are now economically feasible where they weren’t two years ago when oil was a lot cheaper.

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