ascent lease proposal

ascent offer me 500 ac 10 years lease  when they drill rest of lease cancel  in moorefield twp harrison

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Permalink Reply by Gusher on September 23, 2016 at 5:14am

assume that is 500 per acre  per year? how many acres

Permalink Reply by earl miller on September 23, 2016 at 5:41am

80 acre yes 500 per ac per year

Mike MurphyPermalink Reply by Mike Murphy on September 23, 2016 at 8:14am

 best thing you can do is have an oil and gas attorney go over your lease with you ........what was the terms of your original lease and remember 10 years is a long time to tie up your minerals also do they get to recover what bonus they payed you when they do drill before you receive your first royalty check;;;say they have paid you 40,000 do they take it back out of your royalties.....is there a pugh clause in this new lease to limit HBP acres to only the ones in the drilling unit

LAWYER LAWYER LAWYER

Mike MurphyPermalink Reply by Mike Murphy on September 23, 2016 at 8:41am

mwill you be notified if the lease changes to another producer????

this is your chance to get your lease the way u want and to make it more landowner friendly landman can say what ever he likes the only thing that really matters is the contract you sign with them

lawyer lawyer lawyer

Permalink Reply by JK on September 23, 2016 at 8:56am

There are so many aspects to this offer you have received.

Better to say many missing things needing to be entered and clarified.

This offer sounds so simple but it is way far from it.

Lawyer up QUICK!

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