This is how we sent the agreement back to oil company.
Now we received a letter stating that "We are in receipt of our altered division order/transfer order. We note you have taken the following action: Modified said division order/transfer order."
Please be advised that notwithstanding your failure to consent to our company's form of division/transfer order, we do not waive or relinquish any rights it now has or may hereafter acquire, and will make settlement in accordance with the terms of the basic lease and any agreements pertaining thereto, and any Federal, State and local laws, rules and regulations.
WHAT DOES THIS ALL MEAN? PLEASE HELP??????
Not sure what it means... but they can't alter the original lease you signed... not even in a division order... that i know of. if you lease allows for this... you don't have much defense. but i'm not a lawyer... just a "greedy" mineral owner... as the O/G companies would define us.
While a division order or transfer order does not change a lease, in essence you are agreeing to the terms of what you sign until it is revoked. As it says in the small print, you are agreeing to conditions of payment. Just because you lined it out does not mean they are not going to reduce your payment for charges. The fact that you did line out that part might just be a datum in the later lawsuit, if they hold out enough to make a lawsuit worthwhile.
Jack hodges said:
Not sure what it means... but they can't alter the original lease you signed... not even in a division order... that i know of. if you lease allows for this... you don't have much defense. but i'm not a lawyer... just a "greedy" mineral owner... as the O/G companies would define us.
