What constitutes good-faith operations for the discovery and production of minerals ?

What counts as a good faith effort ? We sold land in 1998 , Had a lease offer in 2006 that went till 2009, they struck gas in 2009 and now say we have no mineral interest due to prescription.  What can I do to prove we interrupted prescription through good faith operations ?

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Permalink Reply by The_Baron on April 21, 2010 at 7:10
Are we talking for maintenance of a lease or are we talking about mineral prescription?
Permalink Reply by RICHARD on April 21, 2010 at 7:12
I am just wondering what else I could have done to avoid losing my mineral rights to prescription.
Seeing as I leased the land to a drilling company and they waited until I lost my rights before deciding to drill on the land, I feel a bit ripped off.
Permalink Reply by The_Baron on April 21, 2010 at 7:33
Read my blog on prescription.

While hindsight is twenty-twenty, you could have made drilling a well before the precsiptive period a condition for the lease... You could have held back some rights and had a well drilled (The economics of this would of course depend on your location and size of the servitude).

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