From CBC

Some farmers who lease land to oil and gas companies are feeling pressured to reduce their rates and break contracts amid the downturn in the energy sector.

Contracts typically last five years and allow access to farmland for such things as pump jacks and oil wells.

But in this economy, some companies are trying to cut their expenses by paying farmers less to use their property or end contracts prematurely.

Daniel Kozak, who farms near Mundare, about 85 kilometres east of Edmonton, rents land to an oil company for a well.

He says now that his five-year contract with the company is up, it’s seeking a major reduction in rent.

Continue reading story…

Legal Notice