06/12/2024
I attended an informational meeting in Ohio last night on pore space leasing for the carbon capture industry which is coming to a community near you very soon.
The meeting was hosted by a land owners legal network, advocates for oil and gas royalty owners, and land owners were all present and speaking and it was very informative.
The big takeaway? DO NOT sign a lease for pore space without an attorney. There are some big categorical differences between your rights in pore space and all previous land leases and its really important that you understand those differences. One quote I will share from a geo-engineer who has been drilling for 40 years "You will never get as much as you give away in these leases"
This is a wholly untested industry with alot that doesn't add up and potentially some pretty significant dangers. But its being pushed reall hard by the government because of mandated carbon capture policies. So landmen are being very aggressive and eminent domain is going to become a huge issue in this industry. If one or two of your neighbors sign it could mean that you get your land force pulled into the unit as well.