Replies to This Discussion

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on November 18, 2013 at 13:45

That's the way it works.  No notice is required.  A lessee simply sends a check that exercises the existing extension option contained in the lease prior to the expiration of the primary term.  Depending on the terms of the lease, an extension may be beneficial.  The question is -  to the benefit of the lessor or the lessee?

Permalink Reply by Big E on November 20, 2013 at 7:12

what were the terms of your renewal?

landownerPermalink Reply by william mitcham on November 21, 2013 at 6:40

BIG E,

TERMS WERE THE SAME AS ORIGINAL LEASE.

WCM