Also known as a cover-all clause, the “Mother Hubbard” Clause in a lease protects your oil/gas company from any mistakes made in the land description. It provides that the lease covers all of the land that the lessor owns in the area. By including this clause, it protects you from being sued for “taking” from […]
Yes! This is why the terms of your lease are very important. Consider the damage clause of your lease – this defines the liabilities of both parties. Make sure that your oil/gas company is liable for damages to your property and anything that you use it for, including timber, storage, and growing crops. You can […]
Watch out for language in an oil/gas lease suggesting that the driller is “. . . not responsible for any taxes of any kind levied by any taxing authorities. . .” This language would include a “Clean and Green” rollback tax penalty for a change in use. Any “Change in Use” of a tract of […]
In some cases, you do. You do not if a previous land owner inserted language in a deed to you or to a previous buyer before you indicating that seller did not surrender the mineral/oil/gas interests, but instead, “reserved” them Call me at 724-745-4030, and I can help!
In some cases, a lease will specify when the company must cease drilling or indicate if there are primary or secondary terms Most leases contain a “forfeiture provision” which means: If the drilling company doesn’t comply with the lease, you may terminate negotiations or the lease at any time Call me at 724-745-4030 for more […]
In most cases, you do. However, you do not if a previous land owner inserted language in a deed that did not give you mineral interests This involves setting up a lease Call me at 724-745-4030, and I can help!
As we have said many times throughout this blog, a standard gas lease is not written to protect you. They are written to strongly favor the gas companies. No consumer advocates groups or landowners took part in writing these leases. Before you sign a lease, then, be sure you are protected as much as possible. […]
With so much information out there, it can be difficult to know what your property is worth, especially what oil and gas rights you possess. There is also a possibility that your property could contain gas reserves, but you actually don’t own the rights yourself! One way to find out: review your own records. Look […]
Last week, the Pittsburgh Post-Gazette reported that compared to October of 2011, Pennsylvania and other Mid-Atlantic states produced 72 percent more gas than before. Clearly, the natural gas boom is as active as ever. With so much drilling taking place, it is as important as ever to make sure that you, the property owner, are […]
Frequently, I come across people who are, in some way, dissatisfied with how their lease turned out. Perhaps they aren’t receiving as much as they wanted in royalties, for example, and now wish to terminate their lease. Ultimately, there are a few factors that can be reason for lease termination. One way out is if […]