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HI there .. can someone direct me on what would happen if our land is force pooled and we don't sign a lease.
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I recently leased a small amount of acreage listed with Anadarko. The property is in St. Landry parish, in the North Bayou Jack Field of the Austin Chalk zone.
Recently received a letter from an attorney advising that Anadarko plans to apply to the Commissioner of Conservation for the calling of a public hearing to consider certain matters, including: the establishment of rules to create a single drilling and production unit; force pooling of separately owned tracts; etc.
I am new to this and just curious as to what it all means. The letter from the attorney included a plat which listed all of the property owners within the area, as well as a specified area where the production unit would be established. My property is included in this proposed tract.
I would assume these are good signs for someone leased within the proposed area. Does this indicate that drilling activity is imminent?
Again, just a beginner here, so looking for information. Would appreciate any help. Thanks much.
YES, YES, YES!!!!!!!!!!!!!! That is GREAT news. I was wondering when they were going to make a move. This is fantastic news. Anadarko has had great success in the Austin Chalk play. They seem to know what they are doing with a formation that can be difficult to drill and produce.
They should have a location marked on the plat that they sent you indicating where the well site will be. So yes they have immediate plans to drill.
Thanks for the encouraging word Mr. Aldridge. As far as I can determine, there are no locations marked for drilling - it is just a map indicating the various sections and property owners, and as mentioned, my property lies within the boundaries of the proposed tract.
I did receive a follow-up letter today from the attorney mentioned above, advising that a conference would indeed be held to discuss the proposed application by Anadarko. Is this just a formality? If I understood the original letter correctly, the conference would only be held in the event that an interested owner or represented party receiving the notice requested it. Does this mean that there is opposition to the drilling on the site? Or again, is this just a formality?
I really appreciate your response. Thanks again.
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