
“Homebuilders and developers have been increasingly — and quietly — hanging on to the mineral rights underneath their projects, pushing aside homeowners’ interests to set themselves up for financial gain when energy companies come calling. This is happening in regions far beyond the traditional American oil patch, which has a long history of selling subsurface rights. Among the smart ones are private firms like Oakwood Homes in Colorado, the Groce Companies in North Carolina, Wynne/Jackson in Texas, and Shea Homes, which builds coast to coast. Publicly traded companies that engage in the practice include the Ryland Group, Pulte Homes and Beazer Homes.”
Related posts:
Ex-Goldman Sachs trader charged with $118 million trading fraud
‘Gangnam Style’ cops will help tourists settle disputes in South Korea
Revealed: The world's cheapest stock markets
Lawyer arrested for advising stranger of his constitutional rights awarded $43,000
Going, Going, Gone: Crisis-Plagued Madrid Sells Out City Assets
Ernst & Young: 'Bitcoin has the potential to be a game-changer'
Massive anti-government protest gears up in Poland
China Overtakes Sluggish Europe in Car Sales
Malta to ID buyers of its citizenship after outcry
U.S. swaps watchdog considering bitcoin regulation
Defense Secretary Panetta admits the Pentagon and Clinton supported arming Syrian rebels
Al Qaeda militants flee Iraq's Abu Ghraib in violent mass break-out
Tunisian president stoned by protesters
Fed fears risks posed by exit tools; plan almost done
Highway bill revives the Export-Import Bank after only five months