CHK agreement to allow reassignment of lease

I recently received a letter from Chesapeake with a form for me to sign. The form appeared to allow Chesapeake to assign my lease to another company in the swn sale.
My lease already contains a clause that allows the lease to be assigned to another lessee. In fact my lease was not originally with chesapeake. My lease does require them to tell me they have sold it. Why are they wanting me to sign this ? What if i do not return it? This would not be the first time they have asked me to sign documents that do not apply to my property or lease.

Views: 1404

▶ Reply to This

Replies to This Discussion

Permalink Reply by evan on October 28, 2014 at 11:04pm

There may be a hidden agenda. They tried this with me .  

Permalink Reply by Appalachian on October 29, 2014 at 2:30am

Seems there is always hidden agenda with these folks.  Be wary.

Permalink Reply by S S C on October 29, 2014 at 2:37am
It also says if i do not contact them within 15 days it will be deemed that i have agreed. So i would like to send them one that says if they dont send me a dollar in 15 days it will be deemed that they owe me $10,000. They are always so heavy handed just on principle when they do not need to do anything it seems. Do i need to pay a lawyer to have him advise me on this? Who else has gotten one?
Permalink Reply by Alan Bowers on October 30, 2014 at 2:26pm

How about sending them a reply that says you DO NOT AGREE to their request AT THIS TIME due to LACK OF INFORMATION BEING PROVIDED FROM CHK about the sale, and then also ask for an explanation from CHK as to why CHK feels they need you sign off on allowing the transfer.

It eliminates CHK's "no response means you approve" tactic and you might actually get some information out of Chesapeake about what they are trying to do.

It also gives you the option to go along with them if you like their response.

Permalink Reply by S S C on October 30, 2014 at 2:42pm
Thanks. I will have to think about that. It would seem to cover it. I doubt that it would bring about a coherent response from chk though, based on past experience.
Permalink Reply by Alan Bowers on October 30, 2014 at 2:57pm

Try sending your response to the address they gave you to send your reply....

AND.....

Send a copy addressed to Lester A. Zitkus, Vice President of Land, to their office in Oklahoma City Oklahoma.

Your lease is in Lester's territory, and, he may or may not (sometimes his boss puts the deals together) be working on the deal (selling the leases) but he has had at least 1 memo come across his desk about it.

Permalink Reply by Nancy LeNau on October 30, 2014 at 2:52pm

Great advice, Alan !

Permalink Reply by Ryan M on October 30, 2014 at 4:55pm
I'm guessing it's a blanket letter sent to all lessors. This is commonplace when large assignments occur because it is easier to send a letter to everyone than sort through thousands of leases looking for "consent to assign" clauses.

Additionally, Lester Zitkus no longer works at CHK.

Hope that helps.
Permalink Reply by LERRET on November 1, 2014 at 5:52am

Probably not an issue. The only replies are likely from those who actually required their approval.

Permalink Reply by Chris on November 3, 2014 at 2:59am

Like Ned said they are probably assigning a few thousand leases and its easier to send notice to everyone then read through all the leases to find who requires notice.

RSS

© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service