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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 110434
Experience:  JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
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I am an Oil and Gas Operator who took possession of Operation

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I am an Oil and Gas Operator who took possession of Operation through voting interest owners in November 27 2012. It was a hostile takeover. The Operator would not sign the documentation transferring Regulatory Operations. Which I had to do through single signature procedures. Showing approved Feb 5, 2013 but effective November 26, 2012.

The last invoice from this Operator he placed a due oweing on 15 interest owns. We contest. This Operator placed liens on our wells in order to keep us from receiving production proceeds from the purchasers of our Oil.

The interest owners are willing to pay these liens off in full because the total dollar amount is considerably less than the proceeds. QUESTION: Can you tell me how we can be guaranteed that once this money to paid, that this Operator will release these liens. What kind of form? What kind of procedure?
Thank you for your question. I look forward to working with you to provide you the information you are seeking.

In order to insure that the operator will release the liens, before any payment is made you need to draft a written contractual agreement that states in consideration for you making the payment agreed upon between you and the operator, they agree that they will sign over all documents required to complete the transfer. In the agreement, it needs to state that their failure to do so and breaching the contract would be grounds for you to seek liquidated damages equal to double the amount of money due plus attorney's fees if you have to pursue the matter for breach of contract through litigation.

Once you have the signed contract and make payment, if they refuse to comply, you then have to sue them for breach to seek your damages.

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