My family has inherited land that with a lease that is at least 13 years old. I understand that the lease may be voided IF there was no production for a period of at least 90 days (and there was no action to fix broken pumping equipment). How can a landowner determine whether or not there was lack of production of minerals for 90 or more days regarding this tract of land? Is there a website or state agency that can help the landowner or is best to hire a landman/Oil & Gas lawyer to do this research? Thank you.
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AboutAs 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 |
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