I recently signed an extension to my mineral rights lease with XTO on an acre of land in Southlake, however the company has not made the extension payment and the landman I signed with is not returning my phone calls or emails. Last night Southlake approved drilling on the area which includes my land. My original contract expired January 28, 2011.
I am wondering what my rights are if XTO doesn't fullfill the extension. I believe they intend on drilling to start by April 1, 2011. I am one of about 7 homeowners in my area who's lease expired January 28th. The other leases are still valid until June 2011.
Also, the extension says that XTO has the right (not oblibation) to extend the contract by making the extension payment prior to January 28.