Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on May 21, 2012 at 6:28

The execution of an option to extend a lease term is the prerogative of the lessee, not the lessor.  As long as the lessee provides payment to extend the lease in a timely manner, the extension is executed.  If not, the lease is terminated.  In that event the lessor should request the lessee to file a release of lease in the public record on the appropriate county or parish.

• ▶ Reply

Permalink Reply by charles williams on May 21, 2012 at 15:57

lease about to expire with petrohawk,no option to release. how do i go about requesting hawk to file a release of my lease, letter phone call and where do you find the address or right phone no to request a release. how long should you wait after experation of lease before requesting a release.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on May 21, 2012 at 16:27

Make out the letter requesting the release in advance.  The lease expires at midnight on the effective date.  The day after, mail the request certified.  You can find the correct address on the BHP Billiton/Petrohawk website.  Or find a phone number that you can get the correct address and ask if it should be mailed to a specific department or staffer's attention.  Local contact information for Petrohawk may be changing as they move into their new regional Haynesville office in Shreveport.  Find out the process in advance and send the letter promptly upon the expiration.

• ▶ Reply

Permalink Reply by Ken Boone on May 22, 2012 at 0:26

What happens once you are released from your lease? How would you receive payments if that company has a well on your property? How does that work?

• ▶ Reply

Permalink Reply by The_Baron on May 23, 2012 at 3:27

If they have a well on your property, your lease won't expire. You will be held by operations or held by production!

 

If your lease expires, and their is  a unit well, then you will be considered a unleased mineral interest.

• ▶ Reply

Permalink Reply by dbob on May 22, 2012 at 0:32

Ken, can you clarify - did someone drill a well that included the lease or part of the lease in a unit?

• ▶ Reply

Permalink Reply by Ken Boone on May 22, 2012 at 0:39

My grandmother, who passed, has a lease with a company and I am her heir. The well was put on the 40 acres and her initial lease expired in 2010. Her sister received a lease extension, but she did not. I think the unit is for 640acres.

• ▶ Reply

Permalink Reply by RONNY on May 22, 2012 at 1:36

Ken, in what Section, Township, and Range is your property located?

 

• ▶ Reply

Permalink Reply by Ken Boone on May 22, 2012 at 1:43

Section 19-12n-11w

• ▶ Reply

Permalink Reply by Andrew on May 22, 2012 at 8:15

I'm confused. If there is a producing well on the property the lease would not expire, but you should be receiving royalty checks. If there is no well or it is a dry hole then your lease would likely expire but there won't be any payments from a well. The two situations are mutually exclusive.

• ▶ Reply

Permalink Reply by RONNY on May 22, 2012 at 14:38

According to Sonris there are two producing wells in this section.  They have been producing since 1977.  Maybe you should consult an O & G attorney to better know your situation.  Good Luck.

• ▶ Reply