LPG%20-%20Mason%2C%20Brandon%20P%20and%20Katie%20E%20%20%20%2056.68...I was recently contacted by Antero Resources about doing a top lease on my farm. Any ideas? They are pretty much unwilling to do any negotiating. I tried a pugh clause and No deductions. They wouldn't budge on either. I have attached a copy of the agreement for anyone interested in looking it over for their benefit.
They are looking for low hanging fruit. They want everything and won't give up anything this first go around. So not to appear " a hostile landowner" I would tell them" thanks but we are not in a hurry as more and more production results are available and the current lease has another year and a half until it expires."
I did read the lease and addendum. As usual the intent is obscure and ambiguous, leaving lawyers to interpret meanings as required. So said it was not in your favor. Find a lease that is fair and keep that filed away until the day comes when they return to deal more fairly with you.
Top lease means that you already have a lease which is probably about to expire. Who is that lease with and is it expiring soon?
I did a very quick read of the lease and there are several things I would not go for. If you already have a lease at least compare the two to see the differences. Will take some time later this evening to list some things I would not be comfortable with in the copy that you have posted.
Is there is place on this site to view example leases. Ones that have been changed to help the landowner? It would be nice to have a place for people to upload their leases for the benefit of others. Maybe someone can upload one of theirs for me to compare with. My current lease expires Oct. 2016. And it is held by triad hunter. (Magnum Hunter)