Thursday, July 22, 2010

New Resource for Oil & Gas Lease Information

Renewed interest in Michigan natural gas exploration and development rose dramatically this spring with the news of a productive new well in the Collingwood Shale formation in Missaukee County.   Lease auctions for mineral rights on state land in northwest Northern Michigan fetched record amounts.  In response, MSU Extension has designed a website (http://www.msue.msu.edu/oilandgas) to help landowners and local officials learn more about oil and gas leasing, the issues related to natural gas exploration and sources of information.