I need to add that we do not own the surface land. If you own the surface land and if the land has been transferred from the trust to the LLC then you shouldn’t have to do anything except keep copies of the trust and other documents that establish ownership. The lease establishes what options the oil company has to extend the lease. Ours ran out after one extension and renegotiating including a bonus. I am not a lawyer and you should consider my advice as just that and not of a legal nature.