I received a requested copy of a lease from an oil company after receiving a division order with no explanation. There was a spud report that clued me in to new activity. I was told by an analyst at the oil company that all leases were "turned over to them by the previous company". There is a standard 3 year primary term then the phrase "and as long thereafter as oil or gas, or either of them, is produced from said land, or lands spaced or utilized therewith or the Leased Premises are being developed in commercially paying quantities." Additional language has me paying lessee taxes, transportation, allowing use of oil and gas, can hold active the lease without any production by payment of a $1.00 royalty per year covering them indefinitely to re-drill, pass the lease on to another company, etc. I didn't sign the lease but an executor to a trust I'm beneficiary of did. There is a phrase in the lease that covers that too. Do I have any options to break this or is this lifetime as long as conditions are met?
This is in Pottawatomie County Oklahoma,
Section 228N2E 40 acres.