Columbiana County landowners have land re-leased by Chesapeake
Wednesday, October 28, 2015
According to information from the Columbiana County recorder’s office, Chesapeake Energy Corp. is re-signing leases and paying bonuses again in the county.
The Business Journal reports that so far, 63 of Chesapeake’s leases that were going to expire this year have been re-signed. More than a third of those leases are in Wayne Township. Eleven leases have been re-signed in Salem Township and nine have been re-signed in Center Township.
Columbiana County Commissioner Tim Weigle says that the re-signing and bonus payments are good news for the county because it shows that Chesapeake isn’t giving up on the area.
Via: The Business Journal> Chesapeake Starts Re-Signing Leases in Columbiana
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Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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