What is a Coalition?
A coalition is an temporary organization of landowners, lead by a steering committee or core group of peers, working in a joint action to negotiate a mutually acceptable, landowner friendly lease.
Why Join a Coalition?
The age old saying "there is strength in numbers" is true. A group of landowners with a block of thousands of acres can more effectively market their land to the energy companies. Together they can make a more attractive offer and have more leveraging power with the energy companies than a single landowner.
- Any landowner can join or leave a coalition at any time before the final lease is signed.
How Does a Coalition Work?
As part of a coalition you may attend one of several meetings with other landowners in your area to obtain more information about the direction of their movement and to hear from speakers involved in the growing gas lease phenomenon. These speakers may include representatives from energy companies, attorneys, consulting agents and representatives from the New York State Department of Environmental Conservation and Farm Bureau.
As each coalition is formed, they will be looking for individuals interested in becoming part of a steering committee. The steering committee will represent the interests of the coalition and meet with any parties that the coalition has chosen to help assist in negotiating their lease. This may include attorney(s), consulting agents or the energy companies themselves. The steering committee will meet with or otherwise keep the coalition informed of ongoing progress with the lease.
Once the steering committee has a lease generally completed, they will provide a draft to all members of the coalition for any modifications and to address any questions or concerns before it is to be finalized.
Once finalized there will be one or more opportunities for each landowner to actually sign their lease.
A lease will go through many drafts in the coming months before one is agreed upon and finalized.