We signed a lease with Antero 3 years ago for our 101 acre farm. They paid us. No problems there.
However, we just surveyed our farm so it could be sold and were told yesterday from the surveyer that we have 104 acres. Do we need to let Antero know? Would they have to pay on the additional 3 acres?
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Yes executive rights are the leasing rights, and I think also include the rights to collect bonus money. In the west, Oklahoma and Texas etc, I think there are commonly several aspects of that, and sometimes they are separated. Not so much in West Virginia but it happens. I would not call it common but I am not an attorney.
What I find really odd is that somehow the executive rights for the whole 101 acres was conveyed but the minerals for only part of this. I'm sure there are ways to put it in the deed but I haven't seen it.
There may be no recourse, but an oil and gas attorney would be able to advise about this.
My biggest question is WHY did they do that to us????
Hi Peg ... Big companies make mistakes and Big Companies do it on purpose. It's 50/50 on intent. They all expect the Little Guys ... Us ... to just fall in line and not protest anything from them ... especially when they throw in the word ...
Attorney or Lawyer ...
Hi Suzy!
Peg, I expect they hoped they could just do it and you wouldn't know until too late. Could be wrong. Just Business. Good luck, and hope you can find a good outcome.
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