There’s no way a company expects me to sign a lease renewal without knowing the terms of the contract I’m signing.. I’m sorry but I cannot be honestly expected to do so and I know I can’t be the only one that feels that way being in school for pre-law just completely blows my mind that would even be asked.. I know there’s people out there that do this, my mom was one of them that didn’t even read the terms of the leases or anything she signed. She knew that if she signed it that she would get paid. Which is even more of a reason why I don’t want to sign a renewal without knowing the terms of the lease renewal before I sign. The original lease was executed with maple energy holdings, who then sold leases to vital energy who then merged with crescent energy.. and a representative of vital got a hold of me 7 months ago, stating that vital energy does not have the signed lease and do not know what the terms are. They can only obtain the memorandum from the courthouse as the file from maple did not have either memorandum or lease when they purchased it from Maple. I saw online they purchased like 230 million worth of leases (or somewhere around there) well then there was a merger with Crescent and you can’t tell me that they didn’t have a entire legal team going through all the documents documents to do a merger of that size it would’ve been acknowledged that there was no lease at that point right? Well, also on top of that the offer letter I was able to locate in some paperwork of my mom’s and it has proposed terms on the offer letter, but the thing that caught my attention was the offer letter is dated the same day that my mom supposedly signs this lease. Which would mean that this letter was typed up in Houston and mailed off traveled through snail mail to Oklahoma City where my mom who, only checked her PO Box every Saturday morning didn’t leave the house any other time of the week for the last 20 years so you can’t tell me that it was any other time, then signed the lease and returned it for it to be submitted to the courthouse all within the same day is impossible.then the memorandum was notarized on 11 May 2023, even though the lease is dated and took affect April 17, 2023 and Crescent energy sent a letter saying in compliance with the terms of their agreement dated 4 17 2023 by my mom and Maple energy holdings LLC covering land in Reeves County Texas check number XYZ in the amount of $119 is enclosed representing an option to extend payment under said oil and gas lease. to complete our records Please sign payment receipt below and return in the envelope provided. Should you have any questions? Please do not hesitate to contact me.
Okay so I did well when I called It took two weeks to get a call back and when I got a call back, they said oh no problem. We will email the lease right over and it’s been another three weeks and I still can’t get a hold of them… is this normal? I am aware of some of the back-and-forth dealings as my stepdad is a geologist in Oklahoma and I grew up working for him in the oil field and I’m not new to some of the mishaps that happen. He also had told me that one of the companies that Crescent energy is aligned with has been holding a lease for three years in which he owns a interest in and has refused to drill and he would’ve leased it to someone else had he have known The company wasn’t going to drill. Now I understand that his situation is a little different as he owns both royalty and working interests in his line of business. Regardless my idea of crescent energy company is already not the greatest but I’m trying my best not to be biased. Any guidance or help or any good Permian basin attorneys would be great as I have interests spanning at least eight counties there that I know of as my mom had inherited this in the 90s and didn’t exactly talk about the details as she comes from a family that is constantly trying to steal everything from each other so there’s almost guaranteed to be things I am not aware of that I own.