North Carolina Oil and Gas was formed by brothers Rob and Russ Knight, and Ray Covington; all three grew up in Lee County, NC and have deep roots in the area.
Their primary goal in founding NCOG is to give voice to their concerns about the rights of landowners like themselves and to offer quality representation through the entire process of land leasing and oil and gas exploration. The catalyst for this endeavor was their experience in meeting with an Oil & Gas company to discuss the prospect of natural gas exploration on their property.
Rob Knight says of the meeting, “After the company representative presented their offer, we understood what we would be receiving by signing their lease, BUT what, we asked, would we be giving up?” His response was, “That’s easy, you are giving up the ability to negotiate a better deal down the road.”
“At that moment we realized that we were not satisfied with the process as it had been presented,” says Russ Knight. “We not only want to be able to negotiate better terms than were being offered, we want to participate in the process”. We understand that once you sign one of their leases, you give up all of your negotiating power. As landowners, we want to be able to draw up a landowner friendly agreement that’s in the best interest of the people, not the drilling companies. We also want a lease that will protect our land.”
Ray Covington emphasizes NCOG is not asking landowners to sign a Lease. “Instead, we are offering an “Engagement Agreement” simply giving us along with our/your Oil and Gas Attorney the right to negotiate on your behalf. Imagine the bargaining power of negotiating a lease when we are negotiating for thousands of acres and not merely a single tract of land.”
“We are sensitive to environmental issues that can impact the land and the residents here”, says Ray, “and we are taking steps to ensure any lease agreements we negotiate on behalf of our landowners take that into consideration.”