3 year gas Lease with 2 year option

Sabine Parish, 8N-12W-14

I am currently under 3 year lease with GEP. It expires early next year.  Some of the other owners in my section have received a lease extension check.  Some of the other owner's property butts right up next to mine. It's been several weeks and I have not received any correspondence from GEP at all.  My question is: Is it common for a gas company to extended leases on some of the property in a section but not all property in the same section ?

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Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 12, 2019 at 9:39

No.

Permalink Reply by James on November 12, 2019 at 9:44

Thanks

Permalink Reply by Skip Peel - Mineral Consultant on November 12, 2019 at 9:50

You're welcome.

Permalink Reply by Quarter Royalty on November 12, 2019 at 9:51

You will most likely will not see an extension check, they are drilling this section now. Which is actually good news, because you should see some royalty checks next year instead. 

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

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