Breeda O’Leary, Esq.
Have you received a knock on your door
from an unknown company wanting to lease your mineral rights with the promise
of royalty payments and signing bonuses? Oil and gas exploration is
steadily rising throughout the state of Michigan. Representatives of oil
and gas companies (“Landmen”) are out knocking on doors throughout the state in
hopes of securing leases to property owners’ subsurface mineral rights. As
with any “traveling salesman,” take caution in what they are selling.
Unsuspecting landowners may be surprised
by and satisfied with the small signing bonuses and minimal royalty payments
offered by Landmen; however, it is imperative that landowners consult with a
qualified attorney to review their rights and options. The leases
presented by these companies often contain terms that are vague and unfavorable
to landowners and their property rights.
West Bay Exploration Company, Jordan
Development Company, and Encana Oil and Gas are just a few companies actively
pursuing leases throughout the state. A qualified attorney can review
proposed leases and offer a variety of services. A simple review could
prevent unfavorable or ambiguous lease terms. An experienced attorney
could also assist landowners by being their point of contact with Landmen and
negotiating the best possible lease terms.
The experienced attorneys of Fausone
Bohn, LLP, have reviewed numerous oil and gas leases for clients and
successfully negotiated higher royalty payments and signing bonuses, in
addition to protecting our clients’ rights to use and enjoy their
property.
If you are approached by an oil and gas
company, it is imperative that you contact the experienced team of Fausone
Bohn, LLP, who has the knowledge and experience necessary to protect your
interests. Please contact Breeda O’Leary-Holder at (248) 380-0000
extension 3221 or by email, boleary@fb-firm.com. Visit
our website at www.fb-firm.com.
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