# Fink-Kennedy Storage Field

**URL:** https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945
**Category:** General Mineral Rights Discussion
**Created:** [April 26, 2017, 2:58pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945 "2017-04-26T14:58:16Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![Charles\_W\_Randolph](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/c/a4c791/32.png) [@Charles\_W\_Randolph](https://www.mineralrightsforum.com/u/Charles_W_Randolph)
#### Post date: [April 26, 2017, 2:58pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/1 "2017-04-26T14:58:16Z")

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From Dominion Transmission to acquire storage and easements and agreements on their behalf in Gilmor, Harrison, Lewis, and Doddridge counties for expanding the present Fink/Kennedy storage field.

Enclosed for my review and consideration is easement and agreement proposal.

Easement and agreement of .06 and .84 acre tract which I own 16.667% of the surface.

$7.50 payment and $100.00 signing bonus.

Is this an acceptable agreement or are people getting more?

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### Author: ![r\_w\_kennedy](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/3ec8ea/32.png) [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [April 26, 2017, 3:39pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/2 "2017-04-26T15:39:03Z")

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I don’t know what the highest best use is for your property, but it doesn’t sound like enough money to make it worth binding yourself into a contract.

One hour of a lawyer’s time would likely be more than the bonus. If you are eventually stuck with the clean-up, it could be far more costly than what you receive. If there is hazardous clean-up, even more so. I look at it this way: O&G companies are horrible at performing according to contracts, so each contract is equal to either eventual great unhappiness or a lawsuit, in which case you won’t be very happy either.

I really think it is important to run this past a lawyer and not restrict him to a quick read.

In my personal situation, I would pass on it because the absolute highest gain possible isn’t worth burdening myself and my property with the contract. I would look more favorably on the sale of my surface interest (which would relieve you of liability issues), unless there were some sentimental value? If there were some sentimental value, I would certainly not want them using my surface because I presume, with good reason, that they will not leave it in the condition that they found it. Some points to ponder.

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### Author: ![Ms\_Pat\_Malone](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/ms_pat_malone/32/4499_2.png) [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [April 26, 2017, 4:51pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/3 "2017-04-26T16:51:55Z")

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It’s best to “take heed” from what these experts tell you.

Good luck.

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### Author: ![Charles\_W\_Randolph](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/c/a4c791/32.png) [@Charles\_W\_Randolph](https://www.mineralrightsforum.com/u/Charles_W_Randolph)
#### Post date: [July 6, 2017, 3:02pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/4 "2017-07-06T15:02:14Z")

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I basically got same proposal for an acre. I don’t like the wording of storage and easement. Does easement mean pipeline? What do gas and land lease people do after they die? Answer: Lie still.

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### Author: ![Kitchen](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/kitchen/32/2666_2.png) [@Kitchen](https://www.mineralrightsforum.com/u/Kitchen)
#### Post date: [July 7, 2017, 4:31pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/5 "2017-07-07T16:31:47Z")

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It sounds like an underground natural gas storage field. Leasing your property for underground storage may exclude you from being able to lease for drilling/production of hydrocarbons in the future. Given the low rate offered, I would pass. Not worth tying your minerals up for eternity with little or no future income potential.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:30pm UTC](https://www.mineralrightsforum.com/t/fink-kennedy-storage-field/2945/6 "2018-08-14T22:30:41Z")

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