Lease forfeiture notice for oil and gas property in Delaware County.
Official Courthouse Record · AI-summarized for clarity
What You Should Do Next
- 1
Review the Lease Agreement
Check the terms of the lease to understand your obligations and rights.
- 2
Contact the Owner
Reach out to the Beaver Family Revocable Trust to discuss the lease status.
- 3
Take Action Within 30 Days
Ensure any necessary actions are taken before the 30-day deadline from March 7, 2026.
Frequently Asked Questions
- What is a lease forfeiture notice?
- A lease forfeiture notice informs parties that a lease is being declared void due to non-compliance.
- How can I respond to a lease forfeiture?
- You can respond by releasing the lease or addressing the issues stated in the notice.
- What happens if I ignore this notice?
- Ignoring the notice may result in the lease being officially forfeited and recorded.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF INTENT TO DECLARE LEASE FORFEITED Notice is hereby given to Stone Resource and Energy Corp., Lessee, their successors and assigns, as it relates to the property originally subject to an Oil and Gas Lease dated October 16, 1989, recorded in Lease Record 46, Page 651, between Benson K. Beaver and Lillian G. Beaver, as Lessor, and Quest Energy Corporation, as Lessee, assigned on April 5, 1990 to USA Energy, Inc. pursuant to the Assignment recorded as Lease Record 46, Page 665, assigned on April 6, 1990 to Stone Resource and Energy Corp. pursuant to the Assignment recorded as Lease Record 46, Page 706, each recorded in the Delaware County, Ohio Recorder's Office (collectively, the "Lease"). The Property is located along Carter's Corner Road in Delaware County, State of Ohio. It is the intention of Beaver Family Revocable Trust, Dated March 30, 2005, as amended and restated, (the "Owner"), as present owner of a 131.16 acre parcel located in Delaware County, Berkshire Township, Ohio, Parcel Nos. 41712001004000 & 41712001003000 (the "Property") originally subject to the Lease, to declare the Lease forfeited because the primary term has expired and there are no drilling operations being conducted on the Property pursuant to the Lease, nor are there any producing wells on the Property. In addition, neither delay rentals, nor royalties have been paid to the Owner as required by the Lease. Owner intends to file for record an Affidavit of Forfeiture with the Recorder of Delaware County, Ohio, if the Lease is not released within thirty (30) days of the publication of this Notice. March 7, 2026 1T 90219032
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