Lease Backout - GoMarcellusShale.com2024-03-29T13:51:42Zhttps://gomarcellusshale.com/forum/topics/lease-backout?feed=yes&xn_auth=noIt was never a valid lease be…tag:gomarcellusshale.com,2017-12-15:2274639:Comment:7694862017-12-15T14:00:48.161ZJohnny Footballhttps://gomarcellusshale.com/profile/JohnnyFootball
<p>It was never a valid lease because there is an existing lease associated with the shallow well. Also, operators can back out on a lease for basically any reason they want. All you can do is hope they make a deal with whoever owns the shallow well lease (to drill the deep rock). What county is your property?</p>
<p>It was never a valid lease because there is an existing lease associated with the shallow well. Also, operators can back out on a lease for basically any reason they want. All you can do is hope they make a deal with whoever owns the shallow well lease (to drill the deep rock). What county is your property?</p> There is no contract. You wer…tag:gomarcellusshale.com,2017-12-07:2274639:Comment:7683162017-12-07T01:50:58.402ZBarry Dhttps://gomarcellusshale.com/profile/BarryDyngel
<p>There is no contract. You were unable to fulfill your part of the deal - conveying oil and gas rights.</p>
<p>There is no contract. You were unable to fulfill your part of the deal - conveying oil and gas rights.</p> There's probably a clause in…tag:gomarcellusshale.com,2017-12-04:2274639:Comment:7677842017-12-04T22:04:29.420ZG.H.https://gomarcellusshale.com/profile/GH930
<p>There's probably a clause in the contract that you signed that says the property has to pass a title check. If another company has a shallow well, that shallow well most likely holds all depths of the property under a lease. If that is the case, you, as the property owner, shouldn't have signed a lease if you were aware of it. Whether you are/were aware of the existing lease with shallow well and/or if you are receiving royalties from it is a whole different story.</p>
<p>There's probably a clause in the contract that you signed that says the property has to pass a title check. If another company has a shallow well, that shallow well most likely holds all depths of the property under a lease. If that is the case, you, as the property owner, shouldn't have signed a lease if you were aware of it. Whether you are/were aware of the existing lease with shallow well and/or if you are receiving royalties from it is a whole different story.</p>