Thank you for all the responses. I have determined that our lease
which was originally with Ritter, Laber & Associates . . did not have
a Pugh clause. EOG has now acquired the lease but has indicated since
the lease was written on Ritter paper . . it is not amendable by EOG.
We've got 4 sections on this lease so of course a well on one section
will tie up the other 3 sections and not allow us to get any lease
money on the other sections in a few years when the original lease
would have expired. Has anyone had any luck negotiating to either get
additional sections split out into separate leases or to get a Pugh
clause added after the fact . . .? I thought perhaps if we offered to
extend the lease for 1 year at no additional cost to them but have
them add the Pugh clause . . .? . .would that be a fair trade? Or am
I officially in the live and learn club now? ha ha. Thanks in
advance for any insight you can provide . ..
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