Need an attorney to review extension?

General Mineral Rights Discussion
1

I have a current lease with a company that expires in 2011. The company called last week and would like a 1-year extension to the present lease for the same bonus, royalty, and terms. I haven’t received the extension from the company yet; however, it seems it should be quite simple and straightforward. Will it be necessary to have my attorney review it since there will not be any changes? Or is there anything I should be made aware of?

Thanks,

Terry

2

You may be able to ask for a greater lease bonus or even royalty. I would argue that the company has had a chance to drill your well and hasn’t done so. Unless you’re really happy with your deal, it may be possible to get a slightly better deal. If you would like to discuss your options, feel free to call me at (832) 860-3120. My name is Bill, and I have a law degree and have been a landman for several years.