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Angela Brown's Discussions
Lease Assignment
Started this discussion. Last reply by Nancy Mosley Feb 24, 2021. 16 Replies 0 Likes
We have 36 acres under an old lease (2004). After we signed, a shallow well was drilled and has been producing ever since. Recently, the deep rights were sold off to a large energy company. Does…Continue
Edgemarc Energy
Started this discussion. Last reply by shakeshale Apr 24, 2019. 2 Replies 0 Likes
Any one receive their delayed rental payment from Edgemarc Energy this year? They are in default on many of their leases. If any one has information about what is going on with this company please…Continue
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farmgas replied to Angela Brown's discussion 'Lease Assignment'"This gas industry business is indeed very complicated..."
Nancy Mosley replied to Angela Brown's discussion 'Lease Assignment'"You would have to read the assignment documents to see what was assigned/conveyed/sold and what was retained/excluded. I have seen the "whole" lease assigned with the deeper rights retained, and just the shallow wells sold, and sometimes…"
Joe C. replied to Angela Brown's discussion 'Lease Assignment'"What we have to look at is the HBP. Anytime someone signs a lease with giving that company ALL Depths, it is held by the old lease. If CNX sells DGO all assets (Shallow Well), DGO has the ALL depths from the lease that was signed in 2004. If EQT,…"
farmgas replied to Angela Brown's discussion 'Lease Assignment'"JC, I still find this process to be confusing to me. CNX sells their shallow wells to Diversified Gas & Oil and those wells still HBP the rights to deep shale gas even though no new deep wells have been drilled yet. DGO bought the…"
Joe C. replied to Angela Brown's discussion 'Lease Assignment'"Angela, The shallow lease holds all depths (HBP) (Held by Production) unless you modified that back in 2004. When a E&P company like EQT or CNX wants to drill a Marcellus/Utica unit, they do an assignment with the company who holds…"
farmgas replied to Angela Brown's discussion 'Lease Assignment'"Check out a recent GMS posting for gas company reports. Recent CNX reports appear to be focused on informing investors now providing less information to landowners. "
Nancy Mosley replied to Angela Brown's discussion 'Lease Assignment'"I have not read those quarterly reports. Please share your insights!"
farmgas replied to Angela Brown's discussion 'Lease Assignment'"As the gas industry has changed over the past year, how do you see CNX these days? They seem to be a changed company with a new focus for the future. Their quarterly reports appear to take on a new objective now."
farmgas replied to Angela Brown's discussion 'Lease Assignment'"I think you are correct. It just bothers me that the gas leases can be bought & sold without landowners being involved, or at the least communicated with to those changes. An explanation of the changes would be nice with an open…"
Nancy Mosley replied to Angela Brown's discussion 'Lease Assignment'"As I understand it, you would have to look at the Assignment/'Conveyance/Bill of Sale or whatever they call the document, when CNX sold the wells to Diversified. They probably sold the lease and lease rights and wells only for the shallower…"
farmgas replied to Angela Brown's discussion 'Lease Assignment'"This is a very important question. Our original lease was with CNX Gas who sold off shallow wells to Diversified Gas & Oil. Who is CNX responsible to; DGO or the original landowner lease holder? Does the old lease determine…"
"Thank you, Nancy. That is very helpful and makes sense. "
Nancy Mosley replied to Angela Brown's discussion 'Lease Assignment'"I am not a lawyer, but as I read the leases I have seen and understand the laws of WV (not sure about other states), production must be continuous on at least one well, whether shallow or deep, or a shut-in fee paid (according to lease terms) if the…"
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