A landowner leasing multiple parcels to an Oil and Gas Company should generally seek to lease the multiple parcels on separate Oil and Gas Leases. When multiple parcels are listed on the same Oil and Gas Lease the Gas Company can typically “hold” all of the parcels under lease by merely meeting the minimum Lease requirement(s) to “extend” the gas lease on any one of the individually identified Leased parcels.
Oil and Gas Leases typically “describe” the “Leasehold”,…
Added by Douglas A. Clark, Esq. on October 17, 2012 at 10:30am — No Comments
Not All Terms are Created Equal
Many landowners who have familiarized themselves with the Marcellus Shale natural gas leasing process have learned certain “key phrases” or “key terms” that are valuable to the landowner when evaluating an Oil and Gas Lease Addendum. However, landowners must be aware that ALL ADDENDUM HEADINGS ARE NOT CREATED EQUAL.
As an example, one of the most important landowner friendly terms to be included…