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Oil and Gas Lease Form 88

Oil and Gas Lease Form 88

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Video instructions and help with filling out and completing Oil And Gas Lease Form 88

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Instructions and help about producers 88

[Music] hello Ethan vessels lawyer in Marietta Ohio we're going to continue our discussion evolving oil and gas topics and the topic for this video is why should you read your existing lease now this video as with some of the other videos have really been directed for people who have land but there is an existing lease it may be 5 10 20 even 100 years old now the whole issue that's going on in Southeast Ohio with the Utica Shale is of course the ability to lease the land to one of the deep operators in order to get the Utica Shale out when this is usually accompanied with large bonuses and increased royalties now if you have an existing lease on your land the lessee the the anta T or the business that is producing the oil or gas from your property has the gas rights and they have the ability to assign or sell their gas rights to one of these deep producers from Texas or Colorado or wherever that's why it is particularly important that you read your existing leas

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