Transfering a lease

  Had a pitiful lease with CHK..started with Range Resources then went to Great Lakes then to CHK...CHK opted to take the extra 5 yr extention in 2012..haven't paid since 2015..thought it was void now..had a Lawyer looking into the release..got a letter yesterday saying they transferred our lease to Ascent..never said when..Ascent never paid us anything..that lease ended last month..What I want to know is does Ascent have any rights to my lease at the old price?

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Permalink Reply by Dott on October 2, 2017 at 1:50pm

Mike,

I sent you a friend's request did you receive it?

Permalink Reply by jett on October 2, 2017 at 11:25am

By "at heart" I meant the core motivation behind the terms and omissions of terms of the lease presented to the oil/gas owner.

 Some seem to feel that hiring a lawyer is an unnecessary expense. While it's true that the interest of the company and the landowner are not always at odds, of the many leases we saw none appeared to protect or compensate us enough where we felt comfortable enough to sign. So we got our own lawyer to represent us and were satified with the results.

Permalink Reply by Barry D on October 2, 2017 at 1:17pm

jett,

Good for you.

You should have competent advisors that you trust.

And, I would add, the advisors should be local.

Not the internet gurus often found on this site.

Best wishes to you.

Hope you will continue to post as your situation moves forward.

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