It has been rough trying to find the correct info.I currently hold a lease on property which was signed in 2006.I'm trying to get updated on the latest info and trying to understand more about the lease.
Typically, after a lease has been signed, the title for the property is researched, it is reviewed by an attorney, and an opinion is written. If anything needs to be done at that point, it is considered to be curative.
my wife has done alot of reseasrch and contacted serveral companies Chesapeake ,Range resources and Philips stating they are land leasing. We have submitted all online contact information and no one has returned a call or email. I take that as they are no interested or they are not in our area as of yet
Sarah, Yes, my attorney mentioned the change in the royalty being a possibility. I just hope the Gas companies dont get to "grandfather" our lower rates. More regulations really need to be passed to protect us! Sorry to hear your situation is like ours - with no real options. We had gotten our hopes up for a new lease when they ran into title issues on the property where the proposed well will be. But it didnt work out. I guess I have to try to think positive at this point....we figured they would find a way and we would be locked in before we expired. Our situation is like being locked in, but at least we get a bonus for it. Hope you are getting a decent top lease bonus.
Now we will just hope these new royalty changes are made law and even the old leases have to comply with it.
Keith Schwartz
Typically, after a lease has been signed, the title for the property is researched, it is reviewed by an attorney, and an opinion is written. If anything needs to be done at that point, it is considered to be curative.
I am mainly working towards the south.
Keith
Dec 7, 2010
Keith Mauck (Site Publisher)
Dec 9, 2010
victor ficorilli
Jan 21, 2011
L. Leonard
Hello Sarah,
my wife has done alot of reseasrch and contacted serveral companies Chesapeake ,Range resources and Philips stating they are land leasing. We have submitted all online contact information and no one has returned a call or email. I take that as they are no interested or they are not in our area as of yet
Sep 19, 2011
Angie
Sarah, Yes, my attorney mentioned the change in the royalty being a possibility. I just hope the Gas companies dont get to "grandfather" our lower rates. More regulations really need to be passed to protect us! Sorry to hear your situation is like ours - with no real options. We had gotten our hopes up for a new lease when they ran into title issues on the property where the proposed well will be. But it didnt work out. I guess I have to try to think positive at this point....we figured they would find a way and we would be locked in before we expired. Our situation is like being locked in, but at least we get a bonus for it. Hope you are getting a decent top lease bonus.
Now we will just hope these new royalty changes are made law and even the old leases have to comply with it.
Sep 21, 2011