We are surface owners of Public School Land in Reeves County. We had found out from GLO records that the previous operator of the gas well on this property had relinquished the lease and abandoned the well. (Approximately 1 year ago)
Since we are absentee landowners we had not had the opportunity to view the property until this past week. We were surprised to observe that the previous operator had left several 4 very large tanks, 2 pieces of equipment which looked like dryers, and the meter house complete with meter and equipment. The well appeared to be intact with the multi-valve assembly in place.
In reviewing the previous lease ie.GLO standard form, we found that the owner of the soil shall become the owner of any machinery, fixtures, or casing which are not timely removed by the lessee under the terms of this paragraph. Since it appears that we are now owners by default, does anyone know if there is a market for this equipment.??
Any answers would be appreciated.