Can a company break a lease through forced pooling? Aside from issues like increasing maximum acreage in a unit would they have any grounds to challenge terms that they just don't like. What if a company wanted to lower the royalty…"
"Regarding the leases that are due to expire, it is my understanding that a "force majeure clause" in a lease will extend the lease past expiration date while a forced pooling action is being processed including the time allow to…"
"What stops you from leasing land to an entity other than an oil company? Such as a land broker or land speculator who might be inclined to give more favorable terms ? It might be worth taking payment at a latter date to secure a good…"
What company are you leased with? and which Township are you in.?
Annual payments my have some tax advantages but I would want a guarantee that all 5 years will be paid regardless of when drilling activity takes place."
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]