Price and Protection In Deposit

By WBNG News

July 22, 2010 Updated Jul 31, 2008 at 10:25 PM EDT

It's more money for more people from the Deposit area.

About 100 people sign their natural gas lease at the Binghamton Regency.

Landowners say their contract promises their new money won't come at a cost to their environment.

A room full of people read the fine print before signing their lease at the Binghamton Regency.

Robert Cass is walking away with more than 130 thousand dollars.

At 24 hundred bucks an acre, he feels his coalition got a square deal.

"The majority of them are in the 24-hundred to 25-hundred dollar realm. Now, if others have gotten more I'm not aware of it," said Robert Cass of Nineveh.

Cass and others aren't solely concerned about the money.

With drilling comes a lot of traffic, activity and equipment.

"We were approached by several other different companies, and we did not care for certain clauses in the contract. And also because they were not as careful as protecting the environment and our land as XTO has done in the contract" said Gisela Balalis of Deposit.

"Whatever they tear up they have to replace whether it is a tree, a road. From what they told me they are going to replace everything when they are finished as it was," said Joseph Giaraffa of Nineveh.

The group signed with XTO energy based in Fort Worth Texas.

In May XTO signed a more than 90 million dollar lease with the Deposit Coalition.

This signing was to shore up the coalition's remaining landowners.

"I think everybody is going to be glad they did what they did. I mean if they are going to have to put up with the noise to a certain extent. And again you're right the big equipment. But, it's either you do or you don't," said Robert Cass of Nineveh.

For these people, It's 'I Do' to natural gas drilling.

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