It is likely that a primary operator may not wish to deal with a possible speculative interest. That said, the current Lessee possesses an additional nine months in the primary term which is already paid up, and a right to extend the term for…"
Would there be another direction for Marilyn to consider? Since she thinks that a speculator has her lease (and probably does) would it be a good idea for her to go to the primary leasehold "operator" in the area and see if they are…"
The above post is so irresponsible and inept in its analysis that I find it nauseating, and thus it bears response.
First, as you have stated, your original lease contains a provision that allows for an option to extend the lease, at…"
"Think about the psychology behind their approach.
First, your current lease is set to terminate without possibility of extension. That means no more money to you. OMG to most people.
But, they can get you more money by signing you to a new…"
I would have a slightly different take on this, but it begs a question: do you know if the original lessee has already assigned their leases to another party?
If yes, what you are describing amounts to a top lease, in that the…"
"Many thanks. I have called and talked to a lady that passed my name on to their land folks. Someone is to get in touch with me this week.
I'll let you know what I find out.
I appreciate your assist.
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