I have a signed lease with Cabot for 38 acres in Susquehanna County, Pa. I recently received a call from a Landman saying they were representing Cabot and they are asking that I sign an affidavit of possession and Ratification of my Oil and Gas Lease. It was stated that my property was being pooled with others for a nearby well site that is to be drilled and the ratification notes the name of this well pad in the bottom corner of the document. My Lease is up for a renewal option/payment in 15 months...I have a call in to my attorney but am wondering why they need a Ratification of the lease when all the terms are spelled out in the lease itself. Can anyone give any insight as to the purpose of this document? There is nothing specified in the lease document that a Ratification of the lease must be signed. Thanks.
Yea give the lawyer a couple grand. You 'll be able to afford it.
I was just kidding.
Quote from: macal on September 07, 2013, 08:51:57 PM I was just kidding. No bigee. I think a lawyer would charge several thousand to do an entire lease. But just to look over a bit of minor paperwork the charge should be a lot less.