Leases and royalties

Does anyone know of a new law that states all property owners in a section would receive equal compensation. We signed some time ago and will be receiving quite a bit less than the ones who just signed. I was told that this law requires all landowners receive equal.

Views: 18

▶ Reply to This

Replies to This Discussion

Permalink Reply by po boy on August 18, 2008 at 7:32
I know of no LAW to that effect. I believe you are referring to a "Favored Nations Clause" which must be negotiated in to the lease contract at the time of signing.
Permalink Reply by reg on August 18, 2008 at 8:11
Po boy is right-- favored nation's clause is only vehicle for this.
Permalink Reply by po boy on August 18, 2008 at 8:44
Correct. I Personally know of no one who has succeeded in negotiating one>

RSS

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

Badges  |  Report an Issue  |  Terms of Service