New gas Lease?? - The HuntingPA.com Outdoor Community
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post #1 of 21 (permalink) Old 08-06-2011, 06:13 PM Thread Starter
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New gas Lease??

Was just contacted because our first gas lease is about to expire. Was trying to see what anyone else in the Indiana area has been getting recently? Going to be meeting with them in a couple weeks. I believe it is Chevron that owns our lease now?
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post #2 of 21 (permalink) Old 08-06-2011, 10:32 PM
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Re: New gas Lease??

Contact some of your neighbors and see when they are expiring, the more land, the more bargining power you'll have or what they recently got..... Also when you go to sign the new lease have a lawyer (who specializes in GAS leases) go over it. Put in any provisions you want to, (ie- a no drill clause, no pipelines, etc) Depends on what you want, I would also try to include the Pugh (sp?) clause, which states that if they tie up some part of your property in a drilling unit, they can't stop you from leasing the other part if the lease come up again. This will ensure you have a greater chance of seeing some royalties. The companies are sinking wells, capping them and locking the landowner in with no royalties (for the short term) at times because they can't drill fast enough and get the infrastructure in place in time before the leases end....good luck.

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post #3 of 21 (permalink) Old 08-07-2011, 01:20 PM Thread Starter
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Re: New gas Lease??

Thanks a bunch for the info
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post #4 of 21 (permalink) Old 08-07-2011, 01:34 PM
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Re: New gas Lease??

Seriously, you don't have to worry about negotiating anything. The gas companies are TOTALLY fair with landowners and do just what is needed to keep everyone happy. That wouldn't ever consider pulling the wool over a landowners eyes.




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post #5 of 21 (permalink) Old 08-07-2011, 03:04 PM
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Re: New gas Lease??

Big business is always worried about the public.....right???????

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post #6 of 21 (permalink) Old 08-07-2011, 03:10 PM
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Re: New gas Lease??

ABSOLUTELY!!!!

I'm purty sure, from the ads down here, that Range Resources is the saviour of this state. I'm SURE of it. LOL



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post #7 of 21 (permalink) Old 08-08-2011, 02:48 AM
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Re: New gas Lease??

My son bought 90 acres in Tioga County and built a home on it three years ago. It included a little over 100 acres of mineral rights, which he received after telling the owner no deal without the mineral rights. There was a ten acre lot and two one acre lots sold off it, so he figures he has the gas rights on those properties.

The lease was with Chesapeake and there are no restrictions on the lease, so he wanted to cancel it when the ten years expired. He contacted Chesapeake to cancel this lease, they informed him they had the right to extend it for 10 more years.

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post #8 of 21 (permalink) Old 08-08-2011, 10:28 AM
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Re: New gas Lease??

Quote:
Originally Posted by RWBROOKSJR
My son bought 90 acres in Tioga County and built a home on it three years ago. It included a little over 100 acres of mineral rights, which he received after telling the owner no deal without the mineral rights. There was a ten acre lot and two one acre lots sold off it, so he figures he has the gas rights on those properties.

The lease was with Chesapeake and there are no restrictions on the lease, so he wanted to cancel it when the ten years expired. He contacted Chesapeake to cancel this lease, they informed him they had the right to extend it for 10 more years.

If you don't look out for yourself, there are a lot of parasites out there.
there isnt anything he can do he bought the property under and subject to the lease the gas company did nothing wrong. IMHO

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post #9 of 21 (permalink) Old 08-08-2011, 02:12 PM
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Re: New gas Lease??

Perhaps the gas company did nothing wrong, but, his son should see a lawyer at this stage, if the lease is up, and find out what his rights are.



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post #10 of 21 (permalink) Old 08-08-2011, 02:31 PM
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Re: New gas Lease??

My contract is expiring in a few months and got an interesting call from one of the gas reps this morning. She said I was included in a new unit and asked a few questions about my deed. Also mentioned they had a neighbor sign off on some things as his deceased father was the previous owner of the property. She said they do a title search going back 150 years.

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