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LandownerPermalink Reply by Mike Zimmerman on September 25, 2011 at 1:57am

Is the acreage HBP or held by production? Are you or anyone else receiving royalties on property? If not, it is my opinion that a 50 year old lease would be null and void.

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LandownerPermalink Reply by Sandi Muir on September 26, 2011 at 3:41am

Don't know what HBP or held by production means?  We are still recieving royalities on this property.  Thanks in advance for you help

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LandownerPermalink Reply by Finnbear on September 26, 2011 at 5:59am

The fact that you are receiving royalties from a well involved with this lease means there is an active (still producing) well. Because of that, the lease is still in effect and is what the industry calls HBP or Held By Production. In that case, no, you can't lease to another company.

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LandownerPermalink Reply by Gunner Ostergard on November 29, 2011 at 12:45pm

Just because they are sending you a check does not guarantee it is producing.  Don't tust the gas company.

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Permalink Reply by Karen Bagdes-Canning on September 25, 2011 at 2:00pm

Beware of a little check coming in the mail that will mean you just got paid and they continue to own your minteral rights.  I was just warned at a meeting about this.

 

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LandownerPermalink Reply by Jim Litwinowicz on September 29, 2011 at 2:32pm

Read the lease.  Sometimes, rarely, it will have certain strata or depth mentioned.  Depends on if they had a good laywer or not. If so, you may be in luck.  I have seen two so far with such a loophole .

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