Your homeowners' insurance may not cover damages caused by a well blowout or environmental contamination. You might need a specialized rider. Summary Checklist for Buyers:
These generate income but involve heavy equipment, noise, and regular visits from technicians. You’ll want to review the existing Lease Agreement to see how much the gas company pays and what access rights they have. buying land with a gas well
Someone else (a previous owner or a gas company) owns the gas. They have the right to enter your land to maintain the well, and you get no profit from the gas produced. Your homeowners' insurance may not cover damages caused