Possible bad Lease agreement, any suggestions?

I was just informed that lease that we made with the OG company may be bad. We do show an operational well from 1965 on our property but have recieved no royalties for years and the meter is removed. Any suggestions. We signed a contract for $175 per acre and 20% and would jump at the chance to renegotiate. Any suggestions? Thanks in advance.

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Permalink Reply by carey on August 28, 2008 at 11:55
Great idea and in the works. You have been a great deal of help and we appreciate your time. I will be back in contact about working on this once we get our ducks in a row.
Permalink Reply by Kassi on August 28, 2008 at 12:00
glad to help
Permalink Reply by insomniacnla on August 28, 2008 at 12:08
Not sure of this in your particular case but some companies did replace their older style meters for new digital meters. Could it be that the meter was removed and replaced by a different type? I have seen some with a little solar panel on top.

I did check your section and Sonris does show at least one well (Travis Peak) was producing up until 1981 and then did not produce again until it was re-worked for a different depth (Rodessa?) in 2006. The well has produced two or three thousand cubic feet of gas per month since 2006.

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