How can Oxford sell my leased rights ?

I am not HBP and the lease i signed does not say my rights can be sold or transfered to a new owner or other company. 

Views: 1331

▶ Reply to This

Replies to This Discussion

Permalink Reply by john on February 26, 2013 at 9:25am

they are not selling.  they are assigning.  I'm assuming they are assigning your lease to whomever..

Permalink Reply by Oliver Perry on February 26, 2013 at 9:29am

Does the lease state specifically it cannot be assigned without your consent?

Permalink Reply by john on February 26, 2013 at 9:32am

Yes, there should be an assignability clause in your lease..

Permalink Reply by Rob Rotz on February 26, 2013 at 9:35am

there is , i just read it..  damn

Permalink Reply by john on February 26, 2013 at 9:36am

look at the middle part of your lease.. say paragraph 12-16..  most leases are 14 or 15..

Permalink Reply by Rob Rotz on February 27, 2013 at 2:28am

Thanks for the good news Scott, ....   Maybe that old rig will breakdown..

Permalink Reply by john on February 26, 2013 at 12:33pm

It's not necessarily a bad thing..

you should also check within that clause if the company has an obligation to provide you with the information to whom they assigned your lease..

The producer that will be receiving these leases may provide you a better opportunity to be included in a unit.

Permalink Reply by Billy Park Whyde on February 27, 2013 at 10:18am

Hi tech spudder rig,  gee a way to get senior citizens jobs ! lol 

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service