Posibility of O & G Company releasing land owner

I have read these postings and I willhave to admit most of it is over my head. I signed a 3 year lease in March 08 which leaves me aqpprox. 9 months remaining. It was originally with Moneta and I understand later was sold to a co. called L & W Drilling. There has been no notification of any intention to drill. Is there any posibility they would release me at this point? I have 75 acres(Sec. 16 Township 8 N Range 13 West). I would appreciate any feedback. I originally signed for $150 an acre. Shortly thereafter (2 weeks) I found out about Haynesville.

Tags: &, Company, G, O, Posibility, land, of, owner, releasing

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Permalink Reply by adubu on July 2, 2010 at 5:38
generally most leases have 90 day clause---check your lease wording

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