When a Pennsylvania landowner signs an oil and gas lease, the lease usually includes a primary term and a secondary term. The primary term is the initial period during which the gas company has the right to explore, drill, pool, unitize, or otherwise take action to preserve the lease. The secondary term is the period… Read more »
Posts Tagged: lease
Why Many Pennsylvania Landowners Receive Lower Gas Royalty Payments Than Expected
For many Pennsylvania landowners, the first royalty check from a natural gas well is a moment of anticipation. After signing a lease—often years earlier—landowners expect to finally see meaningful financial returns from the development of their property. However, a common experience across the Commonwealth is disappointment. Many landowners find that their royalty payments are significantly… Read more »
