"Yes, this is an important point. An addendum that limits an oil and gas lease to the Marcellus is the probably the most important protection that a mineral owner can add to their lease in this situation. The other is a horizontal pugh clause which…"
"If your question is what to do about an old lease with marginal production, it sort of depends on your objective. If you just want more revenue from the existing wells, then you can pester the operator about the condition of the well, leaks etc.,…"
"Ten years is a long time in a play as active as the Marcellus. With a long term lease one encounters two problems: 1) should average lease bonuses and royalties increase during the time your land is under lease, then you miss out on the advantage of…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]