Larry. That probably depends more on the company currently holding the lease rights than it does HK. Do you check well permits on SONRIS? If the current lessee has not filed for a permit, they will probably let the lease expire. As to the obligation of HK to execute the top lease, I can not comment without seeing the lease language. That determination should be left to an O&G attorney. Good Luck.
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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More