Replies to This Discussion

Permalink Reply by TCB DS3 on June 23, 2008 at 4:50

I sent it as one of my additional lease clauses to PetroHawk's landman and he accepted it along with many other clauses about two weeks ago.

I have mentioned using FN clause to other members here and received a response from one asking how I would I enforce it? Good question. TCB

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Permalink Reply by Queenie on June 23, 2008 at 18:02

I have put the FN clause in my lease on the advice from
my attorney. I sure hope Petrohawk accepts mine.

NO BANK DRAFTS PLEASE.

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Permalink Reply by John on June 23, 2008 at 2:28

No company is going to "grant" a favored nations clause. That would be the same as you buying a car from Wray Ford for $20k and the contract states if the dealer sells the same car in two months for $18,500, then they will mail you a check for the difference.

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Permalink Reply by RAY on June 23, 2008 at 2:36

If the landman refuses to accept this clause , at least get them to put in a "depth" clause.

A depth clause is fairly common .

Chesapeake will give you one I’m sure.

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Permalink Reply by RAY on June 23, 2008 at 4:27

Officially all of the oil & gas leases are recorded with $10.00 and OVC (Ten dollars and other valuable consideration)

so the lessor is faced with proving who got what during the time period the favored nations clause was in effect.

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Permalink Reply by Cathaus on June 23, 2008 at 8:09

What is a depth clause?

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Permalink Reply by TCB DS3 on June 23, 2008 at 4:51

John, You are wrong PetroHawk accepted it along with about eight other clauses for my proposed lease. TCB

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Permalink Reply by mary on October 25, 2008 at 11:07

What lawyer did you use?

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Permalink Reply by BeatBama on June 23, 2008 at 11:58

CHK gave my family a FN clause. It is true that CHK grants them. So hopefully the people with land next to ours will actually end up helping us out. But, yes it is a fact that CHK will grant a FN clause.

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Permalink Reply by Sam Scott on June 30, 2008 at 16:30

What exactly was the wording of the FN you had in the lease. I'd like to know for the lease coming up for me. Sam

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Permalink Reply by BeatBama on July 3, 2008 at 12:07

I don't know completely, attorney took care of those details, I just know we have one. We signed almost a year ago.

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Permalink Reply by BeatBama on June 23, 2008 at 12:00

on our largest property we refused to sign unless there was an FN.

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