Not all land in old lease was included in drilling unit. - GoMarcellusShale.com2024-03-29T07:18:11Zhttps://gomarcellusshale.com/forum/topics/not-all-land-in-old-lease-was-included-in-drilling-unit?groupUrl=ohio&commentId=2274639%3AComment%3A263527&x=1&feed=yes&xn_auth=noThanks Marcus, that is what I…tag:gomarcellusshale.com,2012-03-31:2274639:Comment:2635272012-03-31T19:44:49.848ZKathi Albertsonhttps://gomarcellusshale.com/profile/KathiAlbertson
<p>Thanks Marcus, that is what I thought. I'll try to get a Pugh clause put in if they try to unitize my current HBP acres in a larger unit.</p>
<p>Thanks Marcus, that is what I thought. I'll try to get a Pugh clause put in if they try to unitize my current HBP acres in a larger unit.</p> Kathi, the Pugh clause was tr…tag:gomarcellusshale.com,2012-03-31:2274639:Comment:2633662012-03-31T18:38:39.621Z0i7okn54zwbdohttps://gomarcellusshale.com/xn/detail/u_0i7okn54zwbdo
Kathi, the Pugh clause was traditionally used for landowners who had large tracts of land and didn't want one 40 acre unit to tie up a larger (say 1000 acre) lease. Indeed, if you had a Pugh clause your 2 acres would likely be free. Since you do not it is probable that said 2 acres are part of the unitized lease, thus HBP.
Kathi, the Pugh clause was traditionally used for landowners who had large tracts of land and didn't want one 40 acre unit to tie up a larger (say 1000 acre) lease. Indeed, if you had a Pugh clause your 2 acres would likely be free. Since you do not it is probable that said 2 acres are part of the unitized lease, thus HBP. First, I'm sorry to see that…tag:gomarcellusshale.com,2012-03-31:2274639:Comment:2633522012-03-31T16:09:44.968ZKathi Albertsonhttps://gomarcellusshale.com/profile/KathiAlbertson
<p>First, I'm sorry to see that the reply from Shale Gale was deleted from this discussion. It was much more informative than the last four bits of banter. That being said, I do appreciate the first reply from Marcus. In thinking more about the issue and looking up more about leases, I am thinking that this is where the Pugh clause comes in. Am I correct in thinking that if we had included a Pugh clause in the original lease, the two acres not included in the drilling unit would then have…</p>
<p>First, I'm sorry to see that the reply from Shale Gale was deleted from this discussion. It was much more informative than the last four bits of banter. That being said, I do appreciate the first reply from Marcus. In thinking more about the issue and looking up more about leases, I am thinking that this is where the Pugh clause comes in. Am I correct in thinking that if we had included a Pugh clause in the original lease, the two acres not included in the drilling unit would then have been free after the primary term? And since we did not include it, all acres are HBP?</p> No need to apologize. I just…tag:gomarcellusshale.com,2012-03-26:2274639:Comment:2610022012-03-26T22:58:47.807Z0i7okn54zwbdohttps://gomarcellusshale.com/xn/detail/u_0i7okn54zwbdo
No need to apologize. I just thought it was amusing.
No need to apologize. I just thought it was amusing. Marcus... my response was not…tag:gomarcellusshale.com,2012-03-25:2274639:Comment:2602582012-03-25T02:44:34.737Zhunter4440https://gomarcellusshale.com/profile/joekuntz461
<p>Marcus... my response was not directed to you.... sorry</p>
<p>Marcus... my response was not directed to you.... sorry</p> Doesn't seem like the most us…tag:gomarcellusshale.com,2012-03-25:2274639:Comment:2601942012-03-25T01:45:17.575Z0i7okn54zwbdohttps://gomarcellusshale.com/xn/detail/u_0i7okn54zwbdo
Doesn't seem like the most useful response, but hey, to each their own.
Doesn't seem like the most useful response, but hey, to each their own. blah, blah, blah, blah blahtag:gomarcellusshale.com,2012-03-23:2274639:Comment:2599132012-03-23T23:07:37.283Zhunter4440https://gomarcellusshale.com/profile/joekuntz461
<p>blah, blah, blah, blah blah</p>
<p>blah, blah, blah, blah blah</p> This isn't necessarily true.…tag:gomarcellusshale.com,2012-03-23:2274639:Comment:2593802012-03-23T11:54:40.402Z0i7okn54zwbdohttps://gomarcellusshale.com/xn/detail/u_0i7okn54zwbdo
This isn't necessarily true. If the 42 acres was all on one contract and the unit size was not restricted to 40 acres then the whole thing is likely HBP. To hold your land in perpetuity all that the lessee must do is put one acre in the unit, unless the contract stipulates otherwise. It's more common today that contracts have an "all or nothing" unitization clause added to it. Older leases however tend to not have such a clause. Check your old lease and see what the language says. If you're…
This isn't necessarily true. If the 42 acres was all on one contract and the unit size was not restricted to 40 acres then the whole thing is likely HBP. To hold your land in perpetuity all that the lessee must do is put one acre in the unit, unless the contract stipulates otherwise. It's more common today that contracts have an "all or nothing" unitization clause added to it. Older leases however tend to not have such a clause. Check your old lease and see what the language says. If you're still unable to decipher it then have a competent attorney look it over.