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Permalink Reply by Bobi Carr ("parker") on April 23, 2009 at 15:18

Sherilyn,

You would not get additional lease money unless there was a (stratigraphic) pugh clause.

The company that has your rights by an existing lease can sell the deep rights to another company to drill. The new company would have to honor your lease clauses.

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Permalink Reply by Sherilyn Norred on April 23, 2009 at 15:29

OK-thanks. That is what I wanted to know. I would not get the big LEASE money, but I would benefit from the well--and I would assume that it would be quite profitable.
Sheri

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Permalink Reply by Bobi Carr ("parker") on April 23, 2009 at 15:32

Hope so.

GOOD LUCK!

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Permalink Reply by sheeza on April 23, 2009 at 21:20

Would the landowners royalty percentage for the shallow well remain the same for the deeper well?

thanks

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Permalink Reply by Spring Branch,mineral owner on April 23, 2009 at 23:06

yes

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Permalink Reply by The_Baron on April 24, 2009 at 2:58

All the original terms of your lease will remain in effect.

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