Natural Gas Forum For Landowners
Because Community Is Everything

| Home | F.A.Q. | Glossary | Resources | News | Contact

Natural Gas, Oil, Minerals Q&A Answers

WHAT IS AN ADDENDUM? WHY IS IT SO IMPORTANT?
By: bburburski | 2009-12-31 17:02:16

Understand this. Although the gas drilling company isn't trying to "stick it to you", leases are drawn up to favor the company. For example; many leases have an extension clause whereby the lease automatically renews after the primary term ends... At the same price, or less.

A properly written addendum can change that to give the company the right to match the offer of another company, if the value of the lease increases. Do you hunt? Perhaps you don't want drilling activites during deer season. That should also be in your addendum.



Answers are provided for educational or information purposes only. It is critical to seek qualified legal counsel before making any decisions affecting your property or mineral estate.



Search Web Wide
Custom Search

| Home | F.A.Q. | Glossary | Resources | News | Contact | Advertising | Privacy | Terms Of Use