Posts Tagged: Expiring Gas Lease

All Things Marcellus®: Identifying Oil and Natural Gas Right Owner “Opportunities” (5/1/16)

Posted by & filed under Radio Shows.

0 – 15 Minutes
Doug dedicates this All Things Marcellus show to identifying oil and natural gas right owner “opportunities” when they are approached for new agreements, including but not limited to gas lease extensions and modifications, extensions of pipeline agreements, and all other natural gas related agreement extensions.  Doug walks listeners through a sample consultation and review with a landowner with a pending request by the gas company to extend their expiring oil and gas lease.  Doug introduces how the landowner contacted the office to begin the consultation and review process and what actually goes into the initial review and consultation when landowners send in their oil and gas lease and related documents to the office for a detailed in-office or telephone conference call.

All Things Marcellus® GEM 104, KZFM 96.9, KC 101.5 FM, and 1250 AM The Answer
Air Date: May 1, 2016

Why Are Gas Companies in Tioga County and across Pennsylvania Aggressively Requesting Oil and Gas Lease Extensions, Modification and Amendments for very Little Financial Compensation?

Posted by & filed under Blog.

Many leases in Pennsylvania are set to expire in 2016 or shortly thereafter and Southwestern Energy and other gas companies across Pennsylvania are aggressively seeking to extend existing gas leases for little to no compensation. Given today’s low natural gas prices, Southwestern Energy and many gas companies across Pennsylvania are seeking to extend existing Oil and Gas Leases to avoid drilling expensive horizontal wells into the deeper Marcellus and Utica Shale formations. Property and gas rights owners must be very cautious when considering any extension, modification or amendment of their existing gas lease as these extensions or other changes generally benefit the gas company and not the landowner.