I’m currently under lease but lease stipulates that upon transfer to any new owner that I must be notified and be in acceptance of terms. I got notification from oil company, I replied to company via email, saying I was not willing to let lease transfer without specific terms.
As I was checking recorder’s office (online great service) I found out approx 2 weeks later they transferred my lease.
If that’s not enough there have been many transfers prior in the year 2010.
One mistake I made was sending email to wrong address. No one contacted me because of the email not being sent to right address. I forwarded the original email and a new email letting them know they are in breach.
The letter indicated only to sign release and told me nothing about what to do if I do not accept terms.
Warning to all possible landowners of leased land: read your leases. They are not that difficult, if they are older leases.
Also minerals under your land stay under your land unless you give them up. They are a valuable commodity. Look at the company that’s buying them and make sure they are not invested heavily by Chinese interest.
Think!
So what does the forum think about this scenario? What advice do you have?
Oh and always check the email address before sending.
The best to all.