"The only one you should sign with is the company with the major lease hold in the county and that is shell"
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Old lease release
24 Replies
Our property has an old Atlas resources lease on it that expired back in '99. Would that have to be marked as released in the courthouse to be able to proceed with establishing a new lease with a…Continue
Started this discussion. Last reply by Jasper Johnson Jun 20, 2012.
Atlas Energy
4 Replies
Anyone heard of Atlas Energy? Good/Bad? Lease offerings?Continue
Started this discussion. Last reply by Kathi Albertson Mar 12, 2012.
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T.Fiore replied to Ragnars Repo's discussion 'unsigned' in the group Lawrence County, PA"Is there a reason you went with hilcorp over another company??"
T.Fiore replied to Ragnars Repo's discussion 'unsigned' in the group Lawrence County, PA"I am unsigned as well. I am on the PA/OH line and curious as to why offers in Mahoning .5mi away are $8000 an acre and in PA they are still at $3250? the Landman from shell didn't have a valid explanation for…"
Kenny replied to T.Fiore's discussion 'Old lease release'"I understand that. The Revised Code that I quoted pertains to old leases and the process to get them released if they are non-compliant.
The Dormant Mineral Act pertains to reclaiming mineral interests that were severed from the surface…"
T.Fiore replied to T.Fiore's discussion 'Old lease release'"Does anyone have any contact information for Chevron? I'm going to let the lawyer handle it but it will help get the ball rolling. Thanks! "
Marcus Grayson replied to T.Fiore's discussion 'Old lease release'"Now that Chevron owns that lease it'll probably take you quite a bit longer to get it fixed."
T.Fiore replied to T.Fiore's discussion 'Old lease release'"To be specific we bought the property 4yrs ago; so we are not the original lease holders of the old atlas lease. I am in lawrence county PA. As far as we know the property never had a well on it or was part…"
Marcus Grayson replied to T.Fiore's discussion 'Old lease release'"BGJ is right, the Dormant Minerals Act that you posted a link to deals specifically with leases and rights thereto when there was a mineral conveyance. To file an affidavit of non-production on land that you own both the surface and minerals…"
Kenny replied to T.Fiore's discussion 'Old lease release'"All I did was quote what the revised code was for the State of Ohio. If your attorney thinks there is a different approach then that is on him."
Kenny replied to T.Fiore's discussion 'Old lease release'"Not true, look up the Revised Code 5301.332. It covers leased mineral interests.
http://codes.ohio.gov/orc/5301.332"
Kenny replied to T.Fiore's discussion 'Old lease release'"Part of the issue we have been seeing is landowners not properly complying with the procedures set out in the Dormant Mineral Act to get their non producing leases released. If a landowner comes to the table with a properly filed release of a…"
Kenny replied to T.Fiore's discussion 'Old lease release'"We won't buy a lease for our client with an old un-released lease on it until they provide us a filed release from the original operator."
Ben Elmore replied to T.Fiore's discussion 'Old lease release'"Technically no, but any new lessee may mistakenly believe you are still under the old lease, so it is good to get a release filed. Oftentimes, the new lessee will know that the old lease has terminated given that there is no lease or unit well…"
T.Fiore posted a discussionOld lease release
Our property has an old Atlas resources lease on it that expired back in '99. Would that have to be marked as released in the courthouse to be able to proceed with establishing a new lease with a different company?Thanks!See More
T.Fiore replied to Nut leesduh's discussion 'WOW! talk about cherry picking. Broken hearts and broken dreams.'"Sorting out the lease to be signed.. "
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