You neighbors were right

Chances are your land may be part of the Haynesville shale that is being so hotly sought after right now. One of my attorney clients represents people here that have been ripped off by “lease hounds” who don’t actually work directly for the companies doing the lease (they turn around and actually lease to the companies–kinda doing a sublease with you.) Most leases specify whether they can be renewed, how deep they can drill and how much in royalty. We’ve been offered an annual fee, plus a sign on bonus and production percentage. I’d check to see if the people you signed with were actually representing the company doing the drilling or not.

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