Originally Posted by
PhiAlpha
A) I have no doubt that CHK's leases favor the operator, I've seen them, they do, but so do leases sent out by any other company that doesn't have an idiot running the land department. We don't create leases that favor landowners, that is not our job. We create leases that allow us to do our job that are at least decently fair to the landowner. We aren't out to screw people over, but it's not our job to give anything away. When land owners ask for changes, we'll generally make concessions.
B) CHK's leases aren't that much different than a "standard" Producer 88 lease form.
C) It's your job as a landowner to read the lease and make sure that you feel you're getting a deal you're comfortable. If you don't feel you are capable of interpreting a lease, hire an attorney. So Zookeeper - Good job, you did what you should have if you weren't completely comfortable interpreting the lease yourself and I'm sure it has paid off for you. I don't have much sympathy for people who sign something without paying attention than cry foul when something doesn't turn out like they thought it should.
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