Expired lease - GoMarcellusShale.com2024-03-29T06:50:36Zhttps://gomarcellusshale.com/forum/topics/expired-lease?commentId=2274639%3AComment%3A888309&feed=yes&xn_auth=noBelieve it, this happened to…tag:gomarcellusshale.com,2021-07-05:2274639:Comment:8884762021-07-05T18:35:37.849ZDarrell Weaverhttps://gomarcellusshale.com/profile/DarrellWeaver
<p>Believe it, this happened to me.</p>
<p></p>
<p>At the end of second term Shell surrendered my lease…</p>
<p>Believe it, this happened to me.</p>
<p></p>
<p>At the end of second term Shell surrendered my lease…</p> Thanks for the good info tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8884662021-06-29T20:22:32.488Zwilliam george allisonhttps://gomarcellusshale.com/profile/williamgeorgeallison
<p>Thanks for the good info </p>
<p>Thanks for the good info </p> One expired lease does not a…tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8884582021-06-29T14:08:45.722ZKyle Nuttallhttps://gomarcellusshale.com/profile/KyleNuttall
<p>One expired lease does not a unit cancel. Here's why.</p>
<p>The oil and gas rights that you own are real property, just like a house or a plot of land. You can wheel and deal on your piece of property without directly affecting the other pieces of property around you. If you were the first person to sign a lease, then usually (assuming everyone signs leases with the same primary term) your lease will be the first to expire. The leases on all the other pieces of property are still in…</p>
<p>One expired lease does not a unit cancel. Here's why.</p>
<p>The oil and gas rights that you own are real property, just like a house or a plot of land. You can wheel and deal on your piece of property without directly affecting the other pieces of property around you. If you were the first person to sign a lease, then usually (assuming everyone signs leases with the same primary term) your lease will be the first to expire. The leases on all the other pieces of property are still in force. The unit is built on many leases. The only thing that is likely to happen in this situation is that the company will renew the lease, either using automatic extension language if the lease included that, or by renegotiating a lease with you. If for some reason your lease were to expire you could probably sue them for trespass, so they are very motivated to make sure your lease does not expire. </p>
<p>It's very likely that your lease will not expire, though. Most leases include language (others have posted examples in this thread) that makes it so the lease will not expire if the property is being operated in the search for or production of oil and gas. The company will argue that putting your property in a unit is operating in the search for oil and gas. Whether this is the case in your state is a question for an oil and gas attorney from your state.</p>
<p></p> If you had a capable oil and…tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8883092021-06-29T12:10:35.460ZThomas Lillihttps://gomarcellusshale.com/profile/ThomasLilli
<p>If you had a capable oil and gas attorney negotiate your lease, most likely he will have spelled out what your situation is. <br/><br/></p>
<p>What we’ve been told, and have experienced is that the gas companies will plan their activity around the end of the first term so as not to have to pay the bonus again, political issues aside. Being that there is a war on production, that might accelerate their plans….or scuttle them. Scary times right now. </p>
<p>If you had a capable oil and gas attorney negotiate your lease, most likely he will have spelled out what your situation is. <br/><br/></p>
<p>What we’ve been told, and have experienced is that the gas companies will plan their activity around the end of the first term so as not to have to pay the bonus again, political issues aside. Being that there is a war on production, that might accelerate their plans….or scuttle them. Scary times right now. </p> Ok thanks I can’t see the oil…tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8885592021-06-29T11:54:25.235Zwilliam george allisonhttps://gomarcellusshale.com/profile/williamgeorgeallison
<p>Ok thanks I can’t see the oil & gas company paying out bonus money 2 times and not drilling time will tell .</p>
<p>Ok thanks I can’t see the oil & gas company paying out bonus money 2 times and not drilling time will tell .</p> tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8885542021-06-29T03:54:40.609ZJoe C.https://gomarcellusshale.com/profile/NickC6648
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/9155911071?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/9155911071?profile=RESIZE_710x" class="align-full"/></a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/9155911071?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/9155911071?profile=RESIZE_710x" class="align-full"/></a></p> tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8883742021-06-29T03:53:54.917ZJoe C.https://gomarcellusshale.com/profile/NickC6648
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/9155910466?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/9155910672?profile=RESIZE_710x" class="align-full"/></a></p>
<p><a href="https://storage.ning.com/topology/rest/1.0/file/get/9155910466?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/9155910672?profile=RESIZE_710x" class="align-full"/></a></p> William, a unit will not void…tag:gomarcellusshale.com,2021-06-29:2274639:Comment:8883702021-06-29T02:09:28.246ZJoe C.https://gomarcellusshale.com/profile/NickC6648
<p>William, a unit will not void over a lease expiring. Once a operator files a DEP permit and it’s approved and then a DPU is filed in the courthouse, all the drilling operator has to do is start the casing pipe and the unit is in effect and holds all leases. </p>
<p>William, a unit will not void over a lease expiring. Once a operator files a DEP permit and it’s approved and then a DPU is filed in the courthouse, all the drilling operator has to do is start the casing pipe and the unit is in effect and holds all leases. </p> We are not drilled yet lease…tag:gomarcellusshale.com,2021-06-27:2274639:Comment:8885422021-06-27T22:30:59.376Zwilliam george allisonhttps://gomarcellusshale.com/profile/williamgeorgeallison
<p>We are not drilled yet lease expires next may if it expires is the whole pooled unit void?</p>
<p>We are not drilled yet lease expires next may if it expires is the whole pooled unit void?</p> Usually, you’re not unitized…tag:gomarcellusshale.com,2021-06-26:2274639:Comment:8884402021-06-26T21:00:02.091ZThomas Lillihttps://gomarcellusshale.com/profile/ThomasLilli
<p>Usually, you’re not unitized unless the well/s are in production. If you’re in production, your lease is into the production phase. It doesn’t end until production has ended. </p>
<p>Usually, you’re not unitized unless the well/s are in production. If you’re in production, your lease is into the production phase. It doesn’t end until production has ended. </p>