Guide to the Mineral, Gas and Oil Leasing and Exploration (Western North Carolina) Scrapbook, 1970-1982

Summary Information

Title: Mineral, Gas and Oil Leasing and Exploration (Western North Carolina) Scrapbook, 1970-1982
Collection: AC.548
Extent: 1.5 linear feet (1 oversize box)
Abstract:

This collection is a scrapbook on newsprint pad of newspaper clippings on the mineral, gas and oil companies' efforts to obtain mining rights/leases on land in Western North Carolina in the late 1970s-1982. Clippings date 1970-1982 and come from several different newspapers about various companies contacting residents for these leases. There is also a handwritten list of some of the clippings in a folder within the box.

Creator: unknown

Biographical/Historical Note

In the late 1970's to early 1980's representatives from various gas and oil companies contacted Western North Carolina residents about signing leases to their land to explore for gas, oil and/or minerals.

An owner of real estate may also own the minerals, oil, and gas underneath the surface unless these are severed under a previous deed or agreement. Many landowners do not have the information they needed to make informed decisions on leasing their mineral rights, so this effort was not that successful. Few landowners got legal advice before signing these contracts.

(from the website of the NY Attorney General's Office, present day)
What is an Oil and Gas Lease?
In very general terms and in the context of mineral rights and exploration, a lease is a written instrument where the landowner (the “lessor”) grants to a business (the “lessee”) the right to extract oil and natural gas from beneath a landowner’s property. Like many other types of leases, the rights and obligations of the lessor and the lessee are detailed in the lease and, in most cases, landowners will be bound for the duration of the lease to those terms and conditions. In addition, the lessee will record either the lease or a memorandum of lease at the local county clerk’s office. Thereafter, if you want to sell your property, the buyer will have to accept that lease along with it. In other words, the rights and obligations set forth in the lease are connected to your land. For this reason, and because of the complexity of oil and gas leases, the Attorney General strongly recommends that before signing a lease you contact an attorney to secure professional, personalized advice in this important transaction.

Scope and Contents

This newsprint scrapbook contains many newspaper clippings most with dates, about the efforts of gas, oil and mineral companies trying to obtain the sale or lease of land for their exploration, present or future, for these resources. This occurred during the 1970's and early 1980's on a large scale.

Arrangement

It is a single-item collection, and the clippings are in random order. There is one folder with a list of some of the articles included in the box.

Administrative Information

Access Restrictions

This collection is open for use in the Dougherty Reading Room. An appointment for research is recommended. The Dougherty Reading Room is located on the 4th floor of Belk Library in Special Collections.

Acquisitions Information

There is no record of its origin or source. Accession number is AC.2001.067 (as XA scrapbook).

Processing Information

Processed by Anita Elliott, March 2013. This collection was processed as part of a grant from the National Historical Publications and Records Commission. The grant funded extensive processing of the backlog within the W. L. Eury Appalachian Collection between 2012 and 2014.

Preferred Citation

[Identification of item], AC.548: Mineral, Gas and Oil Leasing and Exploration (Western North Carolina) Scrapbook, W.L. Eury Appalachian Collection, Appalachian State University, Boone, North Carolina, USA.

Container List

List of Articles, undated Box 1.1
Newsprint Scrapbook, 1970-1982 Box 1.2