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Equicapita Co-Founder in Western Producer – Selling Surfaces Leases

“Sick of worrying about your surface leases becoming worthless if an oil and gas company goes broke? An investment company wants to buy them from you. “This is a good time (for us to buy and farmers to sell) because there are a lot of defaults,” said Stephen Johnston, a partner in the company that owns Surface Capital, which is offering to buy oil and gas leases in Saskatchewan and Alberta. “We think it’ll be well-received by the farming community because they clearly will not want to manage the next three years of constant defaults by oil and gas companies.” Surface Capital is trying to amass a portfolio of surface leases and hold it as an investment for its shareholders. It is offering to buy the lease from the farmer, rather than the land, for an up-front price.”

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