I have property in Martin (S6 T13N R08W) that had been held by Dzurik for, what I was told probably 25-30 years (wells were not producing enough to pay out - but producing enough for them to retain OIL rights). They shut the well(s) a while back and we had received a notification that there is no longer an active lease.
The Sections to the North of mine is active Shale, as are the ones to the South, and at the time that Haynesville was leasing we were told that due to the existing lease of Dzurik that no one wanted to deal with our Section.
So now I want to know - Can I contact them directly and say "Hey - Look Here!, out of lease"
The only reason I am curious about this is because my property changed hands about two years ago and the legal correspondence (for things like survey and such) comes to the old owner. Plus a couple of law firms send regular letters but will not tell me what it's about (Just - Contact Us). They told me they only work with O&G leases but said they can't share any details of what they want to talk about. They say they get regular updates from the O&G Companies and if somethings wrong then the Landman will eventually update.
I know the adjoining section to the south of me recently paid $10,000/NMA+25% to someone that they had "missed" after initial leasing, but I am not using that as a indication of what kind of offers we could get.
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The Dzurik well in your section was P&A 9/15/16. You are free to lease. Contact Expand Energy. I think 25% is doable.
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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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