Gas Lease

I bought a piece of property with a existing gas lease. It will expire in the fall of this year. They drilled a well and capped it about a mile from my property 2 years ago. There has been no activity in my area since.There is no pipeline in my area yet. Does the gas company have to pay me to extend the lease? Can they take gas from my property and pay me royalties without a lease?  

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Permalink Reply by Kathleen on March 15, 2013 at 7:09am
You have to read your lease. It may have a shut in clause, storage clause, delayed rental clause and the clauses go on and on.......
Everything you need to know is in that paperwork.
Permalink Reply by George Mac Pherson on March 15, 2013 at 7:33am

if its a mile away u prob arent in that group but like kathleen says it is all in the paperwork

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