9/9/2005
McNeill Harasymchuk McConnell
8
Surface Rights
•Some
things to watch for in a lease:
–Type of
Agreement – Study or Production lease.
–Should be no
more than one ¼ section per lease.
–Retention of
surface rights after a sale of the land
–What happens if the developer abandons it, or goes bankrupt?
–Is the lease for the developer or are they negotiating for another?