Trumbull Co. residents get drilling checks

FOWLER — Residents coming to pick up checks tonight for leasing their oil and gas rights expect fracking to bring big changes to Fowler.

“This is the biggest thing to hit this community in a long time,” said Richard Faber, who was presented with a check for more than $700,000.

Faber was one of a number of residents who received cashier’s checks at the Fowler Community Center from Shale Investment Fund LLC, which represented Halcon Resources Corporation, a Houston-based energy company.

It is good for a lot of the people in this area to get some money, Faber said. He leased Halcon 240 acres.

Halcon needs to lease at least 640 acres to drill a horizontal well in the Fowler area. If the well is drilled, the royalty money generated will be much larger than the lease bonus payments, he said.

“A lot of people get caught up in the bonuses because that can be big money, but the royalties are the real money,” Faber said.

For the complete story, read Thursday's Vindicator and Vindy.com