Business

August 11, 2014

Fracking company registers in NC, agrees to follow state laws for soliciting leases

Crimson Holdings has registered to solicit fracking leases in North Carolina and agreed to follow state law in response to a legal threat issued last month against the Pennsylvania company by the NC Attorney General.

Crimson Holdings has registered to solicit fracking leases in North Carolina and agreed to follow state law in response to a legal threat issued last month against the Pennsylvania company by the N.C. Attorney General.

Crimson’s representative, Frank Leighton Sides of Youngstown, Ohio, is now listed as the 34th “landman” registered on North Carolina’s landman registry. Sides has assured the AG’s office he will comply with state law and will provide landowners with a landowner rights brochure and other disclosures.

Sides has solicited more than 1,500 fracking leases from North Carolina residents, the AG’s office said Monday. According to Crimson’s list of solicitations, the landowners are all over the Triangle: Raleigh, Durham, Chapel Hill, Apex, Holly Springs, Cary, Zebulon, Fuquay-Varina and Morrisville.

Other recipients of lease solicitations are listed in Charlotte, Huntersville, Fayetteville, Creedmoor, Wake Forest, Winston-Salem and even Ocean Isle Beach.

But apprently none accepted his $5-per-acre offer to allow shale gas exploration under their land.

“We have received no signed leases from landowners,” Sides wrote July 28 to the AG’s office, which released the letter Monday.

The AG had ordered Sides and Crimson to stop soliciting fracking leases in North Carolina until they follow state laws. The first step was to register on the landman registry.

Sides had sent lease solicitations to corporations, small businesses, churches, local governments, universities as well as scores of private residents, according to the list he provided to the AG’s office.

Sides did not return a phone call or respond to an email.

A landman is an agent who solicits leases for rights to drill and explore for natural resources from property owners. A landman typically works for a company that assembles drilling parcels and sells them to oil and gas companies.

Related content

Comments

Videos

Editor's Choice Videos