Chesapeake Exploration, L.L.C., et al., v. Buell et al.July 6th, 2016
FiledJuly 6th, 2016Oil and gas leases―Dormant Mineral Act―R.C. 5301.56―Recorded lease of severed oil and gas rights is title transaction under R.C. 5301.56(B)(3)(a) that constitutes saving event to preclude severed mineral rights from being deemed abandoned and reunited with rights to corresponding surface property―Unrecorded expiration of recorded oil and gas lease and accompanying reversion to lessor of rights granted by lease is not title transaction that restarts 20-year clock under R.C. 5301.56.