Contract discrepancy

So the landman rushed us and a two dozen more familes to sign a contract in late 2007 before we knew what we were sitting on. I dont have to like it but its a fact that we should have waited and asked more questions. Since the landman (whom I wont mention) only had the original contract at signing time, he said he'd mail us a copy, but we never received it. So off the the courthouse I go to get a 12 page copy of my contract that includes the signatures of 23 families, forming a tract of 54 acres. Now on this contract, there is a witness signature besides the landman and my wife and I. This is erroneous because there wasnt another witness during contract signing. This bogus witness signature is on all 23 contracts. Is this reasonable cause for a contract anullment? Oh, and yes, I am looking for a loophole. :)

Views: 173

▶ Reply to This

Replies to This Discussion

Permalink Reply by po boy on August 13, 2008 at 13:34
I have to ask.
Were you satisfied with the contract until you found out you might be able to get more? How much time passed before you changed your mind?
Permalink Reply by Allen67 on August 13, 2008 at 13:30
Since you are on this trying to get out of a lease track, I have a story. I have an Aunt who has altheimers,they so nicely had her bring her sister over to be a witness, and guess what? she has altheimers too! Needless to say, they signed the lease for 100.00 per acre and neither of them remember a thing!! At least you will always remember!!! smile
Permalink Reply by KT on August 17, 2008 at 2:44
In good faith, all matters clear to all parties, no attempts to obscure the factual - I'd say the alzheimer sisters can get a new lease. The whole shale question - who knew what at what time - could throw a lot of leases out. Notaries guard their licenses but honest folks know notaries who will work with them. I know notaries (plural) who will sign a blank bill of sale for me. I am an honest man. The O G boys have been at this a long time. They have GOOD lawyers and a lot of them. They thought they had a way to make an impossible formation pay off, no guarantees. Turns out the little engine could - drill lateral. Good for them. Benefit outweighs the cost. Wish I'd known earlier. Would have been so far in debt it would have taken binoculars to find me in the hole I put myself in.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Looking Back At The Haynesville Shale - A Retrospective

Looking Back At The Haynesville Shale - A Retrospective
2 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
3 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
4 Comstock October Presentation

Comstock October Presentation
5 Aethon looks for Buyers of its Haynesville Assets

Aethon looks for Buyers of its Haynesville Assets
6 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
7 Arkansas O&G Commission unanimously denies royalty rate application for lithium extraction

Arkansas O&G Commission unanimously denies royalty rate application for lithium extraction

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service