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Permalink Reply by Skip Peel - Mineral Consultant on May 27, 2022 at 7:21

Jeff, here is the status of Section 7 leases from Jay. Exco will have to spud a well prior to lease expirations or pay to extend the lease terms for an additional two years if their leases contain that option clause.

"Can you tell JeffN Paris that Section 7/15N/15W is primary term Exco with leases starting to roll this year if they did not have the 2 year kicker. Section 6 is HBP by CHK so no issues there."

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Permalink Reply by JeffNParis on May 27, 2022 at 8:09

Thanks Skip. Any idea how active Exco is right now?

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Permalink Reply by Skip Peel - Mineral Consultant on May 27, 2022 at 8:19

Check my Main Page discussion for the rig report to see how many rigs Exco is running and where.  Since Exco has not as yet applied for a unit well field order, it could take some months before they could spud a well.  I'm not even sure Exco has formed a HA unit for that section.

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