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Why leases read "oil and gas" and not just "gas"...

I always felt that it was strange the the leases presented by the Gas companies always asked for all mineral rights and they started out as a gas and oil lease? I thought why oil? We don't have any oil here. Then I remembered the many times I would go to my pond and see a rainbow of what looked like oil on top of the water. Being curious by nature, I began to research it. Guess what? I think I found the answer. Check this out. There always seems to be a reason for everything that is presented on the oil companies leases... http://money.cnn.com/2007/10/30/magazines/fortune/Oil_from_stone.fortune/index.htm
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There are 194,500 acres represented in the Coalition as of 8/18/2010. The latest gas offers in New York State are $3000/acre with 20% royalties.

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