Very interesting article and something that I had not considered, either. Though I would have expected that these leasing companies would obtain written consent from a mortgage lender, because the mortgage holds priority over subsequently exectuted and recorded leases. If a lender did foreclose, and had not approved the lease, I would expect that the lease could probably be canceled.
As for mortgages after the fact, I would not be surprised to see more lenders objecting to oil and gas leases on the title commitment.
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