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Home » Oil, Gas Leases Present Revenue, Challenges
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Oil, Gas Leases Present Revenue, Challenges

April 12, 2013
Servicers and lenders are missing out on revenue from oil and gas leases, according to Wingspan Portfolio Advisors. However, industry analysts also warn of challenges posed by the leases. Oil companies have leases across vast areas of land that permit drilling for natural gas and oil deposits. Steven Horne, president and CEO of Wingspan, said if the lease on a specific property is lost due to foreclosure and a subordination agreement is not worked out, production lasting up to 30 years can be lost along with ...
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