Replies to This Discussion

Permalink Reply by Greg Hamilton on September 27, 2015 at 1:45pm

WOW!! Very underhanded!! I'd love to see a copy of that addendum so I could share it with local landowners.

Permalink Reply by Tim Tarr on September 28, 2015 at 12:29pm

Just tell them you will not sign without legal fee reimbursement ($250?). Probably not worth signing anyway, if it has new lease terms. Probably want 10 years for 2k/acre. Might even be a sale of O&G rights.
Don't sign anything unless you're 100% certain.

Permalink Reply by 1dozrpboqzgii on February 12, 2016 at 2:24am

Elsie, 

   Amendment or ratifications can modify a lease form and add anything into a current lease. Please make sure you read it carefully before signing it. XTO Energy is owned by ExxonMobil, and they are drilling. My family deals with a very professional landman in WV who represents XTO. He explains the whole document. I had my aunt take it to a family attorney. The attorney told her that he is giving all the info on the document. It was to add a pooling and unit clause into the current lease. A lot of these Landmen or Land women have tons of pressure on them to get these documents signed. I also would like to ask more questions to this lady, she may only have less then a year in the oil and gas industry. There is a lot of landman with no knowledge at all. Need any help, please feel free to contact me anytime!

John