Posts Tagged ‘mineral owners’

A Mineral Owner’s Primer for Escaping a Bad Oil and Gas Lease the Old Fashioned Way

Thursday, July 22nd, 2010

Most Indiana mineral owners and oil and gas operators are familiar with the Indiana cancellation statute for oil and gas leases.  Generally stated, the statute provides that if a mineral owner (usually also the surface owner) can establish that there has been a cessation in oil or gas operations on the leased property for over one year, that person can file an affidavit with the County Recorder to terminate the lease. (more…)

A Mineral Owner’s Primer for Escaping a Bad Oil and Gas Lease the Old Fashioned Way

Wednesday, November 11th, 2009

Most Indiana mineral owners and oil and gas operators are familiar with the Indiana cancellation statute for oil and gas leases.  Generally stated, the statute provides that if a mineral owner (usually also the surface owner) can establish that there has been a cessation in oil or gas operations on the leased property for over one year, that person can file an affidavit with the County Recorder to terminate the lease. (more…)