Informational
Forum on Gas Lease Issues
to
Take Place on March 14th in Norwich
Oxford,
NY—Concerned Residents of Oxford is holding FLEASED
FORUM/Chenango County,
an informational forum for Chenango County landowners regarding gas lease
issues. Landowners in neighboring counties are also invited to attend. The
forum will take place on Thursday, March 14th, 6:30 pm, at United
Church of Christ, 11 West Main Street, in Norwich. The event is free and open
to the public. Note on parking: Please park on street, in public parking lots,
or in County Office Building lots, not in Church parking lot.
Geologist
Ellen Harrison and Attorney Joseph Heath, of Fleased.org, will present information on landowner’s rights
concerning a range of topics including: the implications of gas leases on
insurance coverage, property uses, and mortgages; whether it is possible to
sign a “good lease”; how Norse’s Chapter 11 bankruptcy filing affects the
leases that they currently hold; lease assignments such as overriding royalty
interests and reciprocal capacity agreements and how they impact current
leases; and what the recent force majeure decision in Binghamton means for
expired or soon-to-expire leases in Chenango County.
Landowners
wishing to terminate their gas leases will hear what they need to do to
officially cancel a lease at the end of the primary term. Clearing the land
records usually falls to the landowner. Landowners who are not in active gas
leases are cautioned to check their deed papers to verify if there was ever a
gas lease on their property. Even a decades-old lease remains a liability for
the current landowner if not properly released by the gas company and filed as
such with the County Clerk’s office. Forum attendees will hear what steps can
be taken by a landowner in this situation.
Following
their presentations, Harrison and Heath will take questions from the audience.
FLEASED
FORUM/Chenango County is organized by Concerned Residents of Oxford, and
co-sponsored with CDOG and C-CARE.
Contact: Concerned Residents of Oxford, PO Box 631, Oxford, NY 13830
tel: 607.226.6483 (Mina T
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