Following the Chancellor's announcement last autumn to provide tax breaks for shale gas exploration, it is of growing interest to energy companies making it likely that development will begin to escalate over the next few years.
As with other mineral and hydro-carbon reserves in the UK, the right to extract shale gas belongs to the Crown under the Petroleum Act 1988 and extraction can only be carried out under Government Licence. UK landowners will therefore only receive compensation for the provision of ancillary rights for access to the land and for any land leased for a drilling compound.
A number of members from north east Wales have already been contacted by the Land Registry regarding the minerals rights of their land. If you have any concerns and have indeed been contacted please do get in touch with us.