0 – 15 Minutes
Doug discusses oil and gas lease termination language and when do gas leases terminate. What is “held by production” and how can I tell if my gas lease has ended? Doug discusses what energy companies and drilling companies have to do to continue a gas lease beyond the primary term. Can a natural gas company park a truck on my property or must they drill and pay me royalties to extend my lease, or is the answer somewhere in the middle. Doug breaks down a typical 5 year gas lease and when a lease will terminate or continue beyond 5 years. Doug also begins the Pugh Clause discussion and how non-unitized acreage can be released under certain circumstances.
All Things Marcellus® GEM 104, KZFM 96.9, KC 101.5 FM, and 1250 AM The Answer
Air Date: April 17, 2016