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The Water Cooler
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Oklahoma Judge Orders Wind Turbines Removed
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<blockquote data-quote="Shadowrider" data-source="post: 4200970" data-attributes="member: 3099"><p>And with an oil and gas lease the landowner gets paid as long as it's producing, that's for however many years that turns out to be. It's been awhile since I've read a wind lease, but the ones I did take the time to read had no provisions for any kind of royalty, so it's a one and done payment up front to the landowner, or it used to be.</p><p></p><p>Also, O&G leases generally have provisions that the land has to be put back the way it was when the well is plugged. I guarantee you there are many landowners that are going to be very sorry they sold their wind lease. You know how heavy those bases are? <img src="/images/smilies/image488.gif" class="smilie" loading="lazy" alt=":bigeye:" title="Image488 :bigeye:" data-shortname=":bigeye:" /> I would hope that landowners are more savvy about leasing today, but I know there are ton out there that are in for a really rude awakening down the road. Or their heirs are...</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 4200970, member: 3099"] And with an oil and gas lease the landowner gets paid as long as it's producing, that's for however many years that turns out to be. It's been awhile since I've read a wind lease, but the ones I did take the time to read had no provisions for any kind of royalty, so it's a one and done payment up front to the landowner, or it used to be. Also, O&G leases generally have provisions that the land has to be put back the way it was when the well is plugged. I guarantee you there are many landowners that are going to be very sorry they sold their wind lease. You know how heavy those bases are? :bigeye: I would hope that landowners are more savvy about leasing today, but I know there are ton out there that are in for a really rude awakening down the road. Or their heirs are... [/QUOTE]
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Oklahoma Judge Orders Wind Turbines Removed
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