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Yup! Same lease JDT! And Les B. thanks for all the attachments! We retained an attorney a few months back. We'll be getting in touch with him TODAY!
Well...mixed blessings. I was hoping for a new bonus lease. Which is better? HBP or the bonus lease these days?
CBT,
With 120 acres, and EnCana drilling in a good area, you'll be fine either way. EnCana completed a well in 4-9-11 that came in at 17 mmcf/day, with really high pressure. And Jack Blake's well in 21-10-11 is reported to be good also.
As far as how long it might take to get royalties, well, it could be a while. Maybe 6 months to a year.
Okay...so I started this link as someone who thought my lease had/was getting ready to end (Jan.23rd) without any activity. Thanks to this site, we learned that we are unitized and HBP! Definitely will get on top of the paperwork glitch, but wow! Mixed emotions... Kind of like that crazy show on A & E "I Didn't Even Know I was Pregnant..." LOL! Thanks to all of you (and this website) who helped me down this path of knowledge and revelation!
CBT,
Most leases contain a provision that keeps lease in effect for 90 days so long as operations (drilling, completion, etc.) continue with no more than 30 days interruption. if well is successful you automatically become HBP for as long as well produces.
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AboutAs 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 |
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