Q: Gas and Oil Lease, We are mineral right owner and we had had a lease where royalties weren't paid as per lease, 20%
My uncle received for 5 year royalty payment but the amount didn't cover the 20% of production as per lease agreed with the operator company. We want to know if there are some lower that could work with us in this issue.
If the lawyer could speak spanish, we will be more confortable.
A:
This question was over a year ago; however, these same issues are beginning to grow tremendously as companies fail to fulfill their obligations and leave the land/mineral owner left in a mess. There has been an increase in suits filed regarding failure to meet obligations, blatant attempts to take advantage of the landowner, etc.
Anyone who is offered a lease or is having trouble with a lease should immediately seek a consultation.
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