Replies to This Discussion

Permalink Reply by insomniacnla on July 5, 2008 at 13:00

Susan, I have heard some landowners that are suing to break their leases because the o/g company did not pay the bonus money in the manner in which was promised when you signed the lease. Like if you signed your lease and accepted a bank draft that stated "payable within 30 days" of the time in which you present it to your banking establishment, and the 30 days is up and you still don't have your money. You MAY be able to void the lease because the o/g company did not follow through with their end of the contract.

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Permalink Reply by Earth Mama on July 5, 2008 at 13:08

Thank you for the info. Time will tell., Susan

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Permalink Reply by Snake Stewart on July 5, 2008 at 13:49

I believe Kassi talked with the city attorney or somone along those lines and stated that as a notary wasn't present it wouldn't void said contract but did say it was illegal/ unethical for notary to sign without person being present.The landmen had a phrase for it but I don't remember what it was.It may have been on Shreveporttimes.com discussion.I will see if I can find it and post.

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Permalink Reply by Snake Stewart on July 5, 2008 at 14:37

"Subscribing witness" per Pittboss33 on 6/14/08 10:46 p.m.

Kassi "RE; No notary Present" 6/15/08 7;57 a.m. discussion time City of Shreveport Attorney opinion on the subject

SBossierGuy states code "La. Law CC 1833" 6/15/08 7:21 a.m.

All of this discussion can be found at shreveporttimes.com under the post "Unhappy Leasers" when I opened up a can of worms on this touchy subject back in the good ole days....... Last month!!
After reading through some of the older posts I feel newer guy's could really benefit from old site.There is a ton of stuff over there that we may overlook as better informed posters that new guy's could cut their teeth on after reading all the posts on the" Haynesvilleshale " site !

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Permalink Reply by Kassi on July 5, 2008 at 15:42

Snakestewart, you are right. When I did the public forums with he city of Shreveport I asked the city attorney about the notary signing after the fact. He said if the person signed the lease that would not get them out of it but is could get the notary in trouble as they are supposed to sign what they wittness.

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Permalink Reply by Randy on July 5, 2008 at 16:58

See above Kassi:

If two people witness a document being signed, and at least one of those people presents it to the notary, then it is legal.

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Permalink Reply by Randy on July 5, 2008 at 16:57

Notary does not have to be present, just have to have two witnesses and then one of them present the document to the notary.

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Permalink Reply by M. Mcwilliams on July 1, 2008 at 7:32

Besides, six weeks before the news broke, some of the companies that were leasing didn't know about the Haynesville Shale, either.

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Permalink Reply by Alton McMellon section 1, T15N-R14W on July 1, 2008 at 7:35

I signed almost 3 years ago and I wonder if I am locked in with this agreement,it will expire oct,25 of this year. There are things in the contract that says if there has been an attempt at production the contract will remain in force ----as for as they see it just talking about it is an attempt----sounds like I am in the same boat you are

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Permalink Reply by nisie, not a happy camper landowner on July 1, 2008 at 7:37

At the meeting the City of Shreveport held Mayor Glover spoke of one company that he did not name that they heard were going back to people who had signed early and they were offering to re-lease.

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Permalink Reply by Kassi on July 1, 2008 at 9:11

That is true but they are primarily looking at people whose leases will expire prior to drilling in their section.

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Permalink Reply by James on July 1, 2008 at 9:27

HBP,
Thank you for that informative post. I was just hoping for a miracle, I guess!

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