Oil lease from 1950 - possibility to renegotiate

Miss SC:

From what you have stated, I would say that the terms of each lease stands on its own and is not eligible for changes unless there is a loophole in the leases which could be utilized. You didn’t state where these minerals are located but if they exist in a shale play area, new wells could be drilled and then new leases for these new wells could be negotiated.