If your property is unleased and you sell your oil and gas rights, do you have any rights when a lease is signed?
If it were me selling my rights (which I would never do) I would have a clause in the sales agreement that I have some control over the the terms of any future lease. If I cared about the surface of the property, because I live there or I use it (say farming) I'd want control of any activity on the surface.
Just a question.
Tags:
Permalink Reply by Philip Brutz on April 5, 2014 at 6:43am What if the surface owner retains over 51% of the mineral rights? Would the surface owner be able to have control of the terms of any future lease?
Permalink Reply by evan on April 5, 2014 at 7:24am I checked into that Philip. It doesn't seem like it would help as much as you would think . Most of these companies who end up with your mineral rights have connections and free legal rep. If you know what I mean . According to some of these companies I've gotten to know pretty well
Permalink Reply by Mark McGrail on April 5, 2014 at 1:01pm Jim,
I suppose that depends upon the interpretation of unreasonably.
After all we saw a debate over what the meaning of "is", is.
Permalink Reply by Philip Brutz on April 5, 2014 at 6:33am The WV Surface Owners’ Rights Organization is an interesting site on this topic.
Permalink Reply by Mark McGrail on April 6, 2014 at 6:36am Phillip,
Very interesting.
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
| h2 | h2 | h2 |
|---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com