A section where I own a substantial amount of mineral rights has just been leased to a Wind Energy company to make and produce energy. Can this type of lease prevent O&G leases being offered or executed? Here is the only wording in the “Memorandum of Wind Energy Lease” that mentions O&G leasing:
“7. The Lease is for the additional purposes, is of the nature, and is subject to the requirements and limitations, set forth therein. The Lease also contains various other covenants, obligations and rights of the Parties, including, without limitation, provisions relating to Rent, termination of the Lease, quiet enjoyment, division of the Lease into separate agreements, conduct of Operations, restoration of the Property, assignment and lender protections, and rights of the Lessee to participate in negotiations for use of any portion of the surface of the Property for any activity related to exploration for, or production and marketing of, oil, gas, or other minerals from the Property.”