Our farm had a lease with Beck Energy recorded in 2002. Beck never started a well on the property and never made any of the very modest annual delay payments. We contacted his company years ago and indicated we considered the lease null and void but they never responded. We were recently contacted by lawyers initiating a class action suit against Beck for the purposes of legally releasing landowners like us from the leases which were thought were void but may not be. The attorneys want to be paid on a percentage of your new lease bonus payments and a percentage of your royalties which they plan to negotiate for the class action members with an oil company. These bonus percentages alone are about 600% more than landwoner groups operating in the county are charging now due to the anticipated litigation expenses. The attorneys implied that Beck may be trying to sell these leases (maybe over 30,000 acres in Monroe County) to a high bidder and pocket the multi million dollar differences.
Does anyone out there have more information about how they have gotten around a Beck lease? Unless Beck is stopped there will be millions leaving the county with nothing to show for it!
Beware that if you have a Beck Energy lease there may be some entanglements which will in one form or another likely diminish the value of the lease that you may be hoping for.
Gary, I had an 18 month lease with Beck Energy that expired about 2 years ago. I also didn't receive any of the delay payments. I did take my lease to Jennifer Garrison in Marietta when she was doing some of the open houses and she confirmed the lease had expired.
it was a 10 yr lease. no drilling so just delay rental applied but no payment so in my opinion void. I need an attorney to help me clear this if I'm to avoid being a part of the class action suit, but everyone I've contacted is too busy right now. I have a concern that this may affect others in Landowners Groups in Monroe County.
Gary I agree you probably need an atty & your right a lot of people are stuck in these leases and have been taken advantage of, I have a neighbor that signed a lease in May of this year for $100 per acre that is just dishonest knowing what we have here, Of course they are elderly farmers with no internet and until last few months nothing was going on about this in the local news,
Gary ypu may ned to go out of town for an atty possibly canton or Columbus and be careful with them also, there is a post on belmont county here " What about people that already have a current lease Pre Shale) & john jumped on & offered to help, I asked his fee & its 15% of your bonus So if you get $100,000 he gets $15,000 (if they get you out), better than the class action but again in my opinion seems like a bloosdsucker swooping in to make a big buck off someone elses hardship. The work they will put in shouldn't be more than $500 maybe $1,000 and my guess if they can't send a lttr & resolve move on to the next one!
See my response to that Belmont thread. I think the same way you do about the "offer" made there. Lots of people coming out of the woodwork who want a cut.
It depends how your lease was worded. If it is an unlessed lease then payment must be made. Some leases include terminology that keeps them going even if payment is not tendered. I have a lawyer who would help you if you'd like. He's been specializing in O&G for three decades. He'd also not rake you over the coals for cash. Send me a private message if interested.