Ive been following county clerk land records and documents pertaining to lease signed in late 2014. I own 50 % of 80 acres in Creek County, Ok. we recived bonus without any problem. At time of signing, landman stated oil company was unknown. Shortly thereafter the lease was transfered to American Energy Partners -woodford. Several months later court documents were filed which reflect lease (along with many others )ransferred to Union Bank.,appearemtlyy as collateral for large loan.
Can anyone shed light on this situation? Do most leases result in production? Is it common for leases to be used exclusively for borrowing purposes /to improve financials by OG company's?
Would appreciate any information from those who have had similar experiences and also ideas and thought s of what the future holds for AE Partners minus Aubrey MC Clendon.