Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on May 18, 2018 at 2:18

Martha, this is insufficient information upon which to comment.  Where is the well located?  When was it drilled?

• ▶ Reply

Permalink Reply by jffree1 on May 18, 2018 at 3:11

It's a San Augustine well drilled & operated by Crimson. It was drilled in 2010, has produced 3.66 Bcf and made 4546 mcf in March. 

Martha, the short answer is no. Have you seen some activity recently? 

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on May 18, 2018 at 3:13

So, how's it doing?

• ▶ Reply

Permalink Reply by jffree1 on May 18, 2018 at 3:19

Just about done, I'd say. I'd think they'd want to do something to maintain the leases but... what do I know?

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on May 18, 2018 at 3:30

I think Crimson will likely sit tight and hope that none of the unit lessors seeks a release.  Martha, what we are talking about here is not a "re-lease" or asking you to sign a new lease or lease extension.  The "release" I am referencing is an instrument filed in the public record that releases you from your existing lease when it expires due to a cessation of production by your well.  Once that happens your existing lease is null and void and Crimson should file a release of lease in the public record so that it is clear to any observer that you are unleased and therefore available to sign a new lease.

• ▶ Reply