Replies to This Discussion

Permalink Reply by RONNY on November 5, 2010 at 6:52

I have a Petrohawk lease in which the primary term expires in April 2011. I received a pre-application notice in February 2010 to create a drilling unit and nothing since then. This is in T15n R14w Sec 29. Good Luck.

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Permalink Reply by Bacon on November 5, 2010 at 8:38

Same here. GL to you too.

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Permalink Reply by Linda Whatley on November 5, 2010 at 9:27

Ronny & Bacon,

Jay is right, they won't let your lease expire.

Good luck to both of you.....

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Permalink Reply by benny688 on November 8, 2010 at 16:41

I have multiple leases with Petrohawk in Harrison County. The first ones are set to expire on March 28, 2011.

They have been working in a kind of checkerboard pattern to try and preserve these leases, but it keeps looking more and more like HK will be forced to forfeit these leases.

Perhaps they may be able to hold on to the leases from a last minute drilling permit or other legal maneuvering, but it will take til at least mid April 2011 to see how this will turn out.

GLTA

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Permalink Reply by P.G. on November 9, 2010 at 2:50

Maybe letting leases expire would not be such a bad thing for some lessors...

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Permalink Reply by RONNY on November 9, 2010 at 3:21

You are right P.G. Expiration would be fine with me. Could possibly work out some much better terms in a future lease.

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Permalink Reply by P.G. on November 9, 2010 at 3:36

Yes! The need for ng will not just go away.. However, I wouldn't mind if my lease did...
I was one of those idiots who couldn't see the wisdom of paying more for legal advice than what my bonus offer was for before the Haynesville shale play news leaked out...
I can assure that if given another shot at this, those landmen will not find such a babe in the woods like they did the first time around..

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Permalink Reply by Jack Blake on November 10, 2010 at 14:38

Get em PG

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Permalink Reply by benny688 on November 10, 2010 at 14:35

Agree- having leases expire won't be such a bad deal for me-getting another sign on bonus will be better than nothing. Chevron's buyout of Atlas seems to set a trend. Petrohawk doesn't have the capital to wait this out. Bring in the big guns. I'm getting to that age where I hesitate to buy green bananas anymore.

GLTA

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