I know basically what a pugh clause is, but can someone share how to word it so it covers me and not give them loop holes to work around it? My lease will be to drill Utica, and all layers so don't know that I can do much with the vertical. I mostly want to open up the rest of the property for new leasing after the primary term.
If you have an example of one would you share it please?
In my opinion, get a good attorney with a history in the gas leasing. One mistake can cost you many times what an attorney will charge you. I was part of a large group with a good attorney for my first lease, and went with one by my self for the second lease. It has been well worth it for me.