If you haven't been following the news on The Barnett Shale Formation, you might be unaware of the largest natural gas find in the U.S.
"enough to supply all gas-heated homes in the U.S. for more than five years..."
We hadn't paid much attention ourselves until a gas exploration company set up a town hall meeting in our neighborhood. We weren't able to attend the meeting due to prior commitments, but representatives from the company made the effort to contact us individually. Last night we signed.
This doesn't mean that gas drilling equipment will go up on our lawn or that we'll be another Real McCoy story. The drilling equipment will go up on the other side of I20 and we'll get maybe $35 to $200/month IF gas is found in our collective piece of the formation. The signing bonus will pay our natural gas bill for an entire year. Not bad for doing NOTHING.