Let’s Play Lease Poker – Calling the Lease Agent’s Bluff

Psst, hey buddy, want to play some poker? A landman with inside knowledge sheds light on how drillers time their lease filings–particularly in Ohio. Bill Dannley writing in Ohio Oil & Gas likens the process to playing poker–knowing when to hold ’em and when to fold ’em. Before landowners are approached to sign a lease, a lot of work has already been done, according to Dannley. Expensive seismic surveys have been conducted and deeds have been researched. When a landowner signs on the dotted line, you might expect the landman to hustle on down to the courthouse to file the lease–but that’s not what usually happens…

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