Legal Question in Business Law in Texas

Gas Lease Contract
I signed, as the lessor, a contract with a gas drilling company. The contract specifically stated an amount, as initial payment, and concurrent royalty payment. I read the contract, which did not stipulate in any of the documents that the payment is contingent on the quantity of gas found under my property.
However, when I received the check today, the amount was half the amount stated in the contract.

I called the company. Their explanation was the amount of gas they found was about 50% less than their projections.

I have not cashed the check. Do I have any legal rights to demand the full payment stated in the contract?

Thank You and I look forward to a response.

--name removed--Thompson

Asked on 6/18/08, 8:28 pm

James Grissom Law Office of James P. Grissom

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Re: Gas Lease Contract

I would have to see your lease. contact me by email if you want my assistance.

Answered on 6/18/08, 9:11 pm

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