Our 5 yr lease will expire 3/31/15 with 3 year extension. So Range drilled a couple test holes on neighboring property last week to void paying renewal. Anyone else in this situation? Any recourse?
Tags:
Permalink Reply by David Perotto on March 23, 2015 at 1:24am This is a question for your attorney, not us laymen.
Permalink Reply by Brett on March 24, 2015 at 6:14am Have you been notified by Range that you are in a drilling unit?
Permalink Reply by searcherone on March 24, 2015 at 1:35pm David, I always respect your opinions and posts. I agree it is ultimately a question for an attorney, but a layman/laywoman opinions are valuable for the experiences and hassles, they have encountered in this O&G "boom". We landowners need to know and be aware of all the types of clauses and language that are being thrown at us in leases.
Permalink Reply by Brett on March 25, 2015 at 1:29am I agree. This is an important topic that deserves maximum exposure. There will soon be thousands of leased acres coming up for renewal and we all need to be aware of the dodges and tricks that oil/gas companies use to weasel out of their obligations
Permalink Reply by Brett on March 24, 2015 at 6:57am Have you been notified by Range that you will not be paid your bonus? Has Range notified you that you are included in a drilling unit?
Permalink Reply by Jonathan H on March 24, 2015 at 8:59am What Brett says are good points - in addition, what does your lease say about it? Does it require production to hold the lease, or just 'activity' or some other vague wording?
Permalink Reply by Max on March 24, 2015 at 1:17pm I called them to ask if they were extending the lease and they said "no". Said we are in a drilling unit and drilled pilot holes last week to hold the lease.
Permalink Reply by Todd on March 24, 2015 at 2:22pm Max,
That's great news if all or most of your property is in the unit!
What part of Washington County are you located in? NW, SW, NE, SE?
Thanks, Todd
Permalink Reply by Brett on March 25, 2015 at 1:31am It may not be good news at all if the oil company is just using inclusion as a means to hold a lease rather than actually drill the property.
Permalink Reply by Jonathan H on March 24, 2015 at 4:23pm Have you checked your lease language? Does it allow them to do that, or are they gambling that you won't fight it?
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
| h2 | h2 | h2 |
|---|---|---|
AboutWhat 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 ] |
Links |
Copyright © 2017 GoMarcellusShale.com