Folks that signed 5 year term lease in 2006/2007 its time to readdress your lease as it may be set to expire and companies out there may be looking to top lease your property.
Top Lease - An oil and gas lease wherein the bonus consideration is paid at the signing of the lease. However, this lease becomes effective only after the expiration or termination of an existing lease on the tract of land.
Anybody in this situation in Southwestern PA that may need assistance please email your questions to shaleleasing@gmail.com
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