If I’m the lessor under an oil and gas lease that the lessee filed of record 2 weeks ago, however I haven’t received the bonus money from lessee, what can I do?

What legal recourse do I have?

Asked on September 10, 2012 under Business Law, New Mexico


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

I suggest that you carefully read the written lease you have with the oil and gas lease that you signed. Once done and if it appears that you are entitled to the bonus money you have written about you should do the following:

1. Write the lessee about it demanding payment by a certain date. Keep a copy of the letter for future use and need;

2. If the due date comes and goes without you getting the money owed, consult an attorney who practices in the area of contract law to see what your legal options are.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.