"Mr. Stephens. I did a quick check of the Belmont Co. Records and do not see where your lease was ever released. Are you associated with the club you deeded the property to in 2014?
Priority no. 1 will be to see if you original lease carried a…"
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James M Stephens
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- Oak Hill, FL
- United States
- Landowner
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James M Stephens's Discussions
Can a Gas company own you after being leased and released?
Started this discussion. Last reply by Jeff Bishop Nov 7, 2022. 7 Replies 0 Likes
We have 166 acres in Belmont county, we had 18 acres drilled about 8 or 9 years ago. Our 2nd lease should expire this December, a call to the company inquiring if they were going to renew the lease,…Continue
Lepley Well Pad in Washington TWP
Started this discussion. Last reply by James M Stephens Sep 2, 2014. 1 Reply 0 Likes
6 wells planned here…Continue
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Jeff Bishop replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'Joe C. replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"Did you have a Pugh clause put in the lease? If not, your whole 166 acres is tied into the unit."
James M Stephens replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"We weren't in that group, I don't remember what it was originally called. I keep for getting to pull that contract out of my files when I am home, I travel a lot for work. But I believe we had a Pugh clause, we are just off what used to be…"
KB replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"Hi James,
Was that the Smith Goshen group? If so, I am in that as well. I do think there was a pugh clause in that lease, but it has been awhile. Sounds like you might need to talk to a lawyer. "
James M Stephens replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"Certainly the 18 acres are held by production, the rest has not been drilled, and I am pretty sure they cant be held by production. Otherwise they would have never released us 5 years ago. Thanks for the reply, I am wondering if this has happened to…"
KB replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"First advice is to have a lawyer to review the lease. If your acreage is continuous with the 18 drilled acres, then the answer will depend on the lease agreement, but I would say it is likely your acreage is now held by…"
Nancy Mosley replied to James M Stephens's discussion 'Can a Gas company own you after being leased and released?'"It sounds like they mean you are "held by production". Many leases have terms that say if a well is drilled, or even commenced, that holds the lease as long as [whatever the terms say, maybe "as long as oil and/or gas are…"
James M Stephens posted a discussionCan a Gas company own you after being leased and released?
We have 166 acres in Belmont county, we had 18 acres drilled about 8 or 9 years ago. Our 2nd lease should expire this December, a call to the company inquiring if they were going to renew the lease, was met with the comment "We own you"What!!!!!See More
James M Stephens replied to Albert Russell's discussion 'edge pad' in the group Belmont County, OH"I was there Labor Day weekend, from the looks of it and the signage, they are putting in a connection to the local gas line"
Profile Information
- Introduce Yourself
- Received our lease money in July of 2011, from Gulfport Energy. Lots of rumors of a well going in near our property. Nothing confirmed as of yet. Gulfport tells me they plan on drilling all of there units by 2015.
- What is your role?
- Landowner
- Which state(s) are you following?
- Ohio
- What shale plays do you follow?
- Marcellus, Utica
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