News/Blog

Thank you for your attention. Note: this article does not contain 152 separate reasons to call if you have an old oil and gas lease, only one. That reason is Act 152 of 2014 (Act 152), or the Recording of Surrender Documents form Oil and Gas Lease Act. Act 152 requires Lessees to provide a surrender document to Leasors when an oil and gas lease expires. While plain in intent, Act 152 can get blurry in execution.

Without question the Shale Revolution has helped propel Pennsylvania’s economy since it’s earliest days in the mid 2000’s. The fuel driving this expansion was asset acquisition in the form of leases, predominately acquired from 2009-2016, at ever increasing bonus prices.