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Links

legis.state.wv.us – WV state legislature official site

futuresource.com – up to the minute information on commodity quotes, charts, news and other relevant information

wvgs.wvnet.edu – WV geological & economic survey official site

dep.wv.gov – WV Department of Environmental Protection official site

mineralweb.com – “Insight for Mineral Owners Rights” Oil & Gas Mineral Services

gomarcellusshale.com – All people, companies & places related to the Marcellus Shale

PostHeaderIconLeasing Clauses to Look for

Top Leasing Clauses to Include or Remove!

1.  Specific Depth Reservation

· Lease only the Marcellus, or only the shallow formations; never lease the surface to center of the earth.

2.  Lease only Your Tract

· Avoid language that includes words such as adjacent, or contiguous; it can allow them to hold your tract even though there is no production.

3.  Your Royalty Payments are Deduction Free

· Deductions or post production expenses on royalty payments can reduce a 12.5% lease to under 6%.

4.  Avoid Enhancement Clauses

· Enhancement clauses have been used against royalty owner’s under the guise of ‘The gas is not marketable at the well head, so transportation is an enhancement’; even if your lease says deduction free.

5.  Pugh Clause

· If a portion of your acreage is not included in a unit, the non-developed acreage is released, allowing for another company to potentially develop it.

6.  Warranty of Title

· Do not give any warranty on your title, in most cases you haven’t done title and they have approached you wanting to lease.

7.  Limit on Shut in Payments

· Put a time limit for how long a shut in payment can hold your lease in full effect.

8. ALWAYS Consult a Lawyer

· These are a few things to watch for and should not be considered legal advice, find a good oil and gas lawyer that will be able to assist in the leasing process.