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Matt Damon’s Latest Film Simplifies a Complex Political Issue

pneville Wrote: Jan 06, 2013 6:11 AM
The oil companies DONT buy the land they lease it and share the revenue from the oil and/or gas production. First they pay a bonus for signing the lease. This can be a large amount of money depending on the probability of sucess and with fracking this is high. Usually there are a number of companies and individuals competing for these leases and the bidding is active. You are also entitled under the leases to surface damage payments which can be large if you are close to the well site. I read about a man in Texas who had to leave his double wide in the desert when he leased to the oil company. This was sad except for the $500,000 in bonus and damage money he received for signing and the thousands of dollars in monthly royalties he will get.
RGR27 Wrote: Jan 06, 2013 6:30 AM
Gee, why don't we think that they pay a big bonus for signing the lease?

pneville Wrote: Jan 06, 2013 6:37 AM
Because you don't know what you are talking about. If they dont pay the money some one else will pay it and make the profits on the lease. These are competitions and the land owner benifits from the bidding.

Matt Damon’s latest film “Promised Land” arrived in theaters nationwide yesterday with a focus on the controversial issue of fracking. Written by Matt Damon (who won an Oscar for co-writing “Good Will Hunting”) and John Krasinski (“The Office),” the story focuses on a small community that is asked to debate the merits of the process when a large corporation arrives in town wanting to buy much of the local land.

In an article from the Wall Street Journal, reporter Daniel Gilbert described -- much more succinctly than the film does -- what the process of fracking entails. He noted that...