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I believe so. If the old lease terms need to be "adjusted" , then I think that all terms of the old lease are fair game.
I don't see why having a new lease altogether would be out of the question. .....treat the acreage as if no lease exists. I'm sure O/G companies would not agree.....the feel they got deep rights via these old leases for free and won't want to pay. These old leases were written long long ago.....it is a new ballgame.
Well guess what.....we all want something in this world......nothing is free.
Be interested to hear what others have succeeded in getting in this situation.
It doesn't matter if they hold one of her acres or all of them. If she signed one lease for all of the property then the entire lease is HBP.
Unless she used good legal counsel who included a Pugh clause that only allowed her producing acres to be HBP and required the rest to be released.
I have a lease on some of our land that the maximun unitization is 40 acres. I would also like that attorneys name, Thanks
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