An oil and gas lease may terminate for a number of reasons. The most common of which is the lack of production of oil, gas or other minerals on the leased land. Your oil and gas lease may contain very specific language as to whether or not it specific terms have been complied with, which may result in immediate termination.
Representing Landowners all over Ohio
Protecting what is rightfully yours
An invalid description of the lands included within the lease may also result in a lease termination. An invalid legal description could be preventing a landowner from leasing other lands not intended to be included in the lease.
Not every breach of an oil and gas lease will result in the termination of the lease. However, you are entitled to actual damages resulting from the breach. Skilled attorneys are versed in the determination of whether the breach was a “covenant” or a “condition” of the lease.
Guidance when you need it most
Lease termination can result in many favorable outcomes for the owners of the minerals. It gives the opportunity to re-lease your land to a company that intends to drill new wells, which can result in favorable bonus payments and royalty amounts.
Experience you can trust
If you believe your oil and gas lease may have terminated pursuant to its terms, please contact us. We have over 50 years of combined experience dealing with Oil & Gas. Dealing with these matters can seem complicated and confusing. We are here to walk alongside you and make the process easier for you. Contact us to discuss how we can help you.