Our 5 yr lease will expire 3/31/15 with 3 year extension.  So Range drilled a couple test holes on neighboring property  last week to void paying renewal.  Anyone else in this situation?  Any recourse?

Views: 3587

Reply to This

Replies to This Discussion

What county and state are you in?

PA - Washington Co

This is a question for your attorney, not us laymen.

Have you been notified by Range that you are in a drilling unit?

David,  I always respect your opinions and posts.   I agree it is ultimately a question for an attorney, but a layman/laywoman opinions are valuable for the experiences and hassles, they have encountered in this O&G "boom".    We landowners need to know and be aware of all the types of clauses and language that are being thrown at us in leases.

I agree. This is an important topic that deserves maximum exposure. There will soon be thousands of leased acres coming up for renewal and we all need to be aware of the dodges and tricks that oil/gas companies use to weasel out of their obligations

Have you been notified by Range that you will not be paid your bonus? Has Range notified you that you are included in a drilling unit?

What Brett says are good points - in addition, what does your lease say about it? Does it require production to hold the lease, or just 'activity' or some other vague wording?

I called them to ask if they were extending the lease and they said "no".  Said we are in a drilling unit and drilled pilot holes last week to hold the lease.

Max,

That's great news if all or most of your property is in the unit!

What part of Washington County are you located in?  NW, SW, NE, SE?

Thanks, Todd

It may not be good news at all if the oil company is just using inclusion as a means to hold a lease rather than actually drill the property.

Have you checked your lease language? Does it allow them to do that, or are they gambling that you won't fight it?

RSS

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

Badges  |  Report an Issue  |  Terms of Service