# What creates requirement for new lease? new DO?

**URL:** https://www.mineralrightsforum.com/t/what-creates-requirement-for-new-lease-new-do/70862
**Category:** Law & Legal
**Created:** [May 12, 2023, 12:58pm UTC](https://www.mineralrightsforum.com/t/what-creates-requirement-for-new-lease-new-do/70862 "2023-05-12T12:58:48Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![David\_Meinert](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/ed8c4c/32.png) [@David\_Meinert](https://www.mineralrightsforum.com/u/David_Meinert)
#### Post date: [May 12, 2023, 12:58pm UTC](https://www.mineralrightsforum.com/t/what-creates-requirement-for-new-lease-new-do/70862/1 "2023-05-12T12:58:48Z")

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Hello,

Broadly, I’m wondering what creates the requirement for a new lease and/or a new DO?

More specifically:

(a) If a company enters bankruptcy, but then emerges from bankruptcy with a new company name - does this require a new lease? A new DO? (b) If a company merges with another company (i.e., Chevron and Texaco circa 2002), does this require a new lease? A new DO? (c) If a company purchases properties from another company, but both companies remain ongoing entities - does the new company need to issue a new lease? A new DO? (d) If a pooling unit is created, does this initiate requirement for a new lease? I assume this would create a new DO, but not certain. (e) If a company changes from one type of organization to another type of organization (i.e., change from LP to LLC), does this require a new lease? A new DO?

Thank you

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### Author: ![TODD\_M\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/91b2a8/32.png) [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [May 12, 2023, 1:33pm UTC](https://www.mineralrightsforum.com/t/what-creates-requirement-for-new-lease-new-do/70862/2 "2023-05-12T13:33:13Z")

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A lease stays in effect as long as its terms are met. A change in revenue ownership will trigger a new DO to the owners that changed. It’s totally up to an operator if they want to accept those of the previous operator or they want to issue new ones.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 10, 2023, 12:59pm UTC](https://www.mineralrightsforum.com/t/what-creates-requirement-for-new-lease-new-do/70862/3 "2023-08-10T12:59:31Z")

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