Replies to This Discussion

Permalink Reply by Kassi on July 24, 2008 at 22:28

The time fram can be as little as 2 months and as much as 6 months. That said, you need to read your lease. If it does not define what constitutes activity to hold you in the lease i.e. "production in paying quantities" then just the groundwork could lock you into the lease.

• ▶ Reply

Permalink Reply by easttxhaynesville on July 25, 2008 at 6:18

hry tim even if it states production in paying quantities you might be hung. some contracts states that as long as drilling operations are going on it will extend your lease anywhere from 60-90 days after drilling has ceased. so a oil company can drill the hole and they have 60-90 days to come back in and frac. after the frac they have 60-90 more days to run a pipeline. and when they run a pipeline they have 60-90 to get the well producing. there are all kind of loopholes which can hold your lease for a long while. and as kassi stated sometimes they can just survey and hold your lease.

• ▶ Reply

Permalink Reply by insomniacnla on July 25, 2008 at 6:58

Tim,

Are you in Section 16 by Stonewall-Frierson Road? J & W already has a permit there. Then if you go along I-49 in between the Stonewall exit and the Frierson exit, you can see 4 drill pads on either side of the road ready. There is one rig drilling over by ShankCat's bar-b-que and now there is a rig setting up as of yesterday beside I-49.

• ▶ Reply