Attempt to Void Lease Fails! - GoHaynesvilleShale.com2024-03-28T10:43:22Zhttps://gohaynesvilleshale.com/forum/topics/attempt-to-void-lease-fails?commentId=2117179%3AComment%3A685338&x=1&feed=yes&xn_auth=noi have worked on cases where…tag:gohaynesvilleshale.com,2009-05-19:2117179:Comment:6853382009-05-19T20:30:58.925Zkanehttps://gohaynesvilleshale.com/profile/KaneHeinen
i have worked on cases where mineral rights were appraised. it can be done.
i have worked on cases where mineral rights were appraised. it can be done. The Baron is correct, contact…tag:gohaynesvilleshale.com,2009-05-13:2117179:Comment:6719892009-05-13T12:57:09.499ZGregg Williamshttps://gohaynesvilleshale.com/profile/GreggWilliams
The Baron is correct, contact an attorney. You may not have a valid lease because you have not received consideration (money). Make sure you an oil 7 gas attorney or a good real estate attorney.<br />
Have you given the executed lease to the company/rep. ?
The Baron is correct, contact an attorney. You may not have a valid lease because you have not received consideration (money). Make sure you an oil 7 gas attorney or a good real estate attorney.<br />
Have you given the executed lease to the company/rep. ? Had this case gone to trial,…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6694312009-05-12T16:16:29.255ZM. Mcwilliamshttps://gohaynesvilleshale.com/profile/MMcwilliams
Had this case gone to trial, it would have been interesting to see what kind of proof the plaintiff could have brought, considering that this lease was executed in 2007. Much as I am sympathetic to the unsophisticated land/mineral owner, it really does seem a stretch to say that anyone could have known the impact of the Haynesville Shale upon lease bonuses back in 2007.
Had this case gone to trial, it would have been interesting to see what kind of proof the plaintiff could have brought, considering that this lease was executed in 2007. Much as I am sympathetic to the unsophisticated land/mineral owner, it really does seem a stretch to say that anyone could have known the impact of the Haynesville Shale upon lease bonuses back in 2007. I'm not sure the con man refe…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6694292009-05-12T16:16:26.363ZThe_Baronhttps://gohaynesvilleshale.com/profile/The_Baron
I'm not sure the con man referance applies here. If a landman is trying to lease you, it is with the expectation that they will drill because the exploration company believes they will find oil or gas. It is obvious that the exploration company is trying to make a profit.
I'm not sure the con man referance applies here. If a landman is trying to lease you, it is with the expectation that they will drill because the exploration company believes they will find oil or gas. It is obvious that the exploration company is trying to make a profit. True that there is no need fo…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6693162009-05-12T15:44:17.715ZM. Mcwilliamshttps://gohaynesvilleshale.com/profile/MMcwilliams
True that there is no need for an appraisal in a cash sale, and it's not necessary in an owner financed sale, either. But my point is still valid - most non-commercial real estate transactions occur with financing through a mortgage holder of some sort, and that mortgage holder is going to make certain that what security it has is based on a fair market value. You can't compare this process to that of entering into an oil and gas lease, where the landowner is on his own to try to ferret out the…
True that there is no need for an appraisal in a cash sale, and it's not necessary in an owner financed sale, either. But my point is still valid - most non-commercial real estate transactions occur with financing through a mortgage holder of some sort, and that mortgage holder is going to make certain that what security it has is based on a fair market value. You can't compare this process to that of entering into an oil and gas lease, where the landowner is on his own to try to ferret out the "value" of the lease. There are laws (in LA anyway)…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6692882009-05-12T15:31:30.953ZP.G.https://gohaynesvilleshale.com/profile/PG
There are laws (in LA anyway) in place to protect unwitting sellers from getting skinned too badly. Same for buyers if it's found that there were known problems with a property that weren't disclosed to him/her.
There are laws (in LA anyway) in place to protect unwitting sellers from getting skinned too badly. Same for buyers if it's found that there were known problems with a property that weren't disclosed to him/her. Thats why you always bring yo…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6692642009-05-12T15:19:57.306ZThe_Baronhttps://gohaynesvilleshale.com/profile/The_Baron
Thats why you always bring your own truck.
Thats why you always bring your own truck. Another thought about the vas…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6692582009-05-12T15:19:07.985ZM. Mcwilliamshttps://gohaynesvilleshale.com/profile/MMcwilliams
Another thought about the vast distinctions between housing market and oil and gas leasing market is the inclusion of the mortgage companies into the process. There is no third party providing security to the landowner that wishes to insure its investment as there is in a real estate transaction. Mortgage companies are the driving force behind appraisals, fair market valuation, etc. and their presence in the majority of real estate transactions mean that the price will be as fair as possible.
Another thought about the vast distinctions between housing market and oil and gas leasing market is the inclusion of the mortgage companies into the process. There is no third party providing security to the landowner that wishes to insure its investment as there is in a real estate transaction. Mortgage companies are the driving force behind appraisals, fair market valuation, etc. and their presence in the majority of real estate transactions mean that the price will be as fair as possible. Seems funny many local govern…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6692552009-05-12T15:19:04.333ZP.G.https://gohaynesvilleshale.com/profile/PG
Seems funny many local governments have regulations in place in hopes of keeping con men from taking advantage of citizen's ignorance but then back up the O/G industry on this sort of thing.<br />
Why couldn't the Flim Flam folks successfully make the same arguments as this case? I mean it isn't the con men's fault if their pigeons are not smart enough to look out for their own best interests, right?<br />
Maybe the con men would fare better if they'd share a little of their wealth more with government,…
Seems funny many local governments have regulations in place in hopes of keeping con men from taking advantage of citizen's ignorance but then back up the O/G industry on this sort of thing.<br />
Why couldn't the Flim Flam folks successfully make the same arguments as this case? I mean it isn't the con men's fault if their pigeons are not smart enough to look out for their own best interests, right?<br />
Maybe the con men would fare better if they'd share a little of their wealth more with government, huh? Seems to work for the OG's! At least in Vegas you get fre…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6691962009-05-12T14:58:16.525ZThe_Baronhttps://gohaynesvilleshale.com/profile/The_Baron
At least in Vegas you get free drinks, or even a free buffet.
At least in Vegas you get free drinks, or even a free buffet.