The Ohio Channel

August 20, 2014

08-20-2014

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Supreme Court of Ohio

Description

Does Lease to Drill for Natural Gas Qualify as Title Transaction under Dormant Mineral Act?

Chesapeake Exploration, L.L.C., et al. v. Kenneth Buell et al., Case no. 2014-0067

U.S. District Court for the Southern District of Ohio, Eastern Division

ISSUES:

Is a recorded lease of the mineral rights beneath a property a title transaction under the Ohio Dormant Mineral Act (ODMA)?

Is the expiration of the recorded lease and the reversion of the mineral rights under the lease a title transaction that restarts the 20-year clock for calculating forfeiture of the mineral rights under the ODMA?

Tags

Ohio Government Judicial Branch Supreme Court of Ohio Recorded Lease Mineral Rights Title Transaction Dormant Mineral Act Expiration 20 Years Forfeiture Surface Owner Mineral Rights Savings Event Affidavit Conservation Termination Marketable Title Act

Markers Transcript

00:00:30	Jeffrey Ubersax for the North American Coal Royalty Co.
00:11:30	Kevin Abbott for Chesapeake Exploration LLC, et al.
00:21:39	Gary Corroto for Arieh Ordronneau, et al.
00:44:25	Jeffrey Ubersax for the North American Coal Royalty Co.

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Note : Transcripts are compiled from uncorrected captions