Carol, it would depend on your existing lease terms and where your property is located. Did you sign with Chief? Primary term of 5 or 10 years? Royalty %? Does your lease allow for deductions, to make the gas marketable, or is the royalty payment "without deductions"? Are you allowing surface activity on your property, or is it strictly subsurface? And lastly, where precisely is your land? Thanks. P
paul d. clouser, esquire
Carol, it would depend on your existing lease terms and where your property is located. Did you sign with Chief? Primary term of 5 or 10 years? Royalty %? Does your lease allow for deductions, to make the gas marketable, or is the royalty payment "without deductions"? Are you allowing surface activity on your property, or is it strictly subsurface? And lastly, where precisely is your land? Thanks. P
Dec 11, 2010