Archive for 'Inflection Energy'

NY Landowners Sue Inflection Energy over Force Majeure

A group of 18 Tioga County, NY landowners have sued Inflection Energy to overturn Inflection’s “force majeure” claim to extend the lease on their collective 1,200 acres. A force majeure clause is written into most gas lease contracts. It means a driller can automatically extend the length of the lease if there are unforeseen events [...]

Broome County NY Landowners Receive Money to Stay in Lease

At least one energy firm has voted with its pocketbook that drilling will come, eventually, to New York State. Inflection Energy has just paid landowners in the Town of Maine (Broome County), NY $1,000 per acre to not bail out of the previous deal they signed. In 2010, Inflection signed a deal that Maine landowners [...]

Windsor, NY Landowners Receive $2,750 per Acre and 18 Percent Royalties in Lease Deal with Inflection Energy

Earlier this year, a group of 40 Town of Windsor (NY) landowners with a cumulative 3,000 acres signed a gas lease agreement with Denver-based Inflection Energy to allow Marcellus Shale drilling when New York’s moratorium is eventually lifted. The landowners expected their signing bonus checks by March 3rd, but that didn’t happen due to delays [...]

Infection Energy Delays Signing Bonus Payments for Landowners in Windsor, NY Area

Last year some 40 landowners separated from the Windsor & Colesville Oil and Gas Lease Coalition to sign a deal to lease their land to Inflection Energy. Collectively the breakaway group holds about 3,000 acres. The rest of the coalition decided against signing in hopes of a better deal once drilling is allowed to begin [...]

Broome County, NY May Sign a Deal to Lease County-Owned Land for $15.9M

Lately it’s not been often MDN has reported on lease deals in New York State, due to the ongoing opposition of New York politicians to drilling in the state. So it’s with some surprise, and pleasure, that we noticed an article in today’s paper that Broome County, New York may soon sign a deal with [...]

Members of Landowner Group in Broome County, NY Receive First Payment for Lease Deal

 

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