George, if an energy company allows a lease with an extension option to lapse there is generally two reasons. 1) They choose not to extend the primary term for one or more of many reasons, or 2) they missed the fact that the primary term was expiring (this is relatively rare but does occur). There is no option to extend past the expiration date however you could make them an offer to enter into a new lease. I don't recommend that course of action. You need to do some homework. Have you looked through the tutorials available here on the site in the SONRIS Help Center Group?
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 13,000 members.
Because our network has grown word-of-mouth, I want to encourage you to invite your friends and family by clicking here.
There are a couple things you should check out. 1) Check out current discussions. 2) Join in on the County and Parish Groups. By joining a County or Parish, you are networking locally with people who share similar concerns.
Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.
As a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More