
“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:
Why More Retailers Are Accepting Bitcoin
Execute elephant poachers on the spot, Tanzanian minister urges
Alan Greenspan Sees 'Double Digit' Inflation Ahead
India eases gold lending rules
Facebook launches global Internet access initiative
A war the Pentagon doesn’t want
Dennis Rodman heads back to North Korea to see ‘friend’ Kim Jong-Un
China Tells Investors: Go Ahead, Bet the House on Stocks
Homeland Security's domain seizures worries Congress
To Make Sense of the Coins Act, Follow the Money
Euro Zone Grants Multibillion Euro Lifeline for Greece
Swiss banks face hefty fines under US tax deal
Tech-savvy Vietnamese coffee farmers brew global takeover
Delaware taxpayers increasingly on the hook as Fisker auto plant idles
A South Carolina anti-drug police unit admitted it conducts illegal no-knock raids