Lease expiration rules?
My origional 3 year lease expired a month ago. I haven't renewed or signed a new lease since then because we haven't been able to agree on a fair price. Is the origional leasee required to notify the parish clerk after a certain period of time to put in public record that my land is no longer bound by a lease, so that other landmen that are interested in acquiring leases in my section will know that my land is currently unleased and available.
Views: 19
Replies to This Discussion
-
Permalink Reply by gardnhoser on
-
Unless specified in a clause in the Lease the Lessee is not required to file a release. But don't fret if your land is unleased and available a Landman will be able to determine that and will contact you.
-
Permalink Reply by insomniacnla on -
Jaime,
If you decide to sign a new lease, you can have language added into the lease that addresses this. My lease is worded that if the lease is cancelled or if it expires, the o/g company is required to file a release at the courthouse. That way, you won't have to worry about it next time. Good luck!
Support GoHaynesvilleShale.com
Top Content
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…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
