March 24, 2013

Fleased Forum on Gas Lease Termination, 3/14/13

On March 14, Concerned Residents of Oxford, CDOG and C-CARE together hosted a Fleased Forum for Chenango County landowners and leaseholders on gas leasing issues with Joe Heath, Esq. and Geologist Ellen Harrison of It was filmed and is now available online as well as on cable access. 

Please watch at: Fleased Forum on Gas Lease Termination

Presentations covered a range of topics including the implications of gas leases on insurance coverage, property uses, and mortgages; how mineral right deeds mean you are permanently giving up your mineral rights; how Norse’s Chapter 11 bankruptcy filing affects the leases they currently hold; how lease assignments (sales) impact current leases; what the recent force majeure decision in Binghamton means for expired or soon-to-expire leases in Chenango County and how to terminate a gas lease after the primary term (actions must be taken to truly expire leases, even if they are decades old).