Breaking a Lease?

Is it possible or cost effective to break a lease of 300 acres in Marcellus/Utica to get bonus? Lyn

Views: 1185

▶ Reply to This

Replies to This Discussion

Permalink Reply by Schnoozie on August 22, 2012 at 2:29am

Who did you sign with? and what reason do you have to believe that the lease is invalid or "breakable", is there some legal issue, fraud, you changed your mind? I am sure you will have a few replys here, but please give some more information. Cost effective? What does that mean?

Permalink Reply by Robin Hood on August 22, 2012 at 4:23am

Yes it is possible, Google" lawsuits Chesapeake" and you will see they are constantly bombarded with law suits. I am currently involve with such an action. It has been difficult, but the cause is just. Will I prevail, time will tell and by God in heaven, I must persevere . So far the cost has been many hours of teasing apart every sentence of the Lease and understanding it, a couple of letters to the oil company and a filing at the courthouse. I'm at the point I need a litigation lawyer. You must be warned, the oil company will never roll over. It's hardball all the way. The reward is 24%-7K or get the drill out of here!

Permalink Reply by Schnoozie on August 22, 2012 at 6:03am

I think this is just silly except for the part about Cheezey-peake being bombarded with lawsuits. Probably true.

Permalink Reply by Finnbear on September 12, 2012 at 1:54am

Who got 24%-7K in the Utica Shale?

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on August 22, 2012 at 6:31am

Schnoozie is right, a little context is necessary here.

Permalink Reply by Schnoozie on August 22, 2012 at 6:48am

Robin Hood of Ohio, me doth protest, why would you need a lawyer?

Permalink Reply by Lyn on September 2, 2012 at 4:23pm

Robin Hood of Ohio, my area of interest. I asked the wrong question. See post about Adverse Possession posted 9/2. I am a waaay absentee owner with a fair understanding, but I wasted space here with the wrong question. Thanks for your concern and input. 

Permalink Reply by Lyn on September 2, 2012 at 4:19pm

Marcus, I asked the wrong question and am in a sensitive situation now and so can't give a lot of detail. Please look at Adverse Possession that I posted 9/2. Thank you for your interest and concern.

Permalink Reply by Lyn on September 2, 2012 at 4:29pm

See Adverse Possession. Thanks. I'm am newbie here and don't know where or how to keep in rolling. Thanks for your interest and concern.

RSS

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

Badges  |  Report an Issue  |  Terms of Service