Questions on lease expiring in a few months
We’re located in Sec. 12 T11N R12W Desoto Parish. Our 3-year lease is expiring in September with the 2-year option. The company that we are leased with has not drilled, but another company had a hearing for a permit in March 2010, and they haven't drilled either . Encana is drilling a well in the lower southwest corner, but bores into section 13, and we were told they will receive the royalties. Does this mean that we are force pooled or unitized? What affect will this have on the lease renewal? Also, this section falls in the lignite mine area. Could this be the reason no one has drilled yet? If the company renews our lease for another 2 years, will it be at the same amount of money that was paid for the 3-year lease? Can this company allow the lease to expire after 3 years and come back later and lease again for a different amount?
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Replies to This Discussion
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Permalink Reply by astrofan on
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thanks Skip Peel for that information you have been very helpful with this.
thanks again
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Permalink Reply by Skip Peel - Mineral Consultant on -
You're welcome, astrofan. Just click on each well Serial Number and it will take you to the SONRIS Lite Well File where you can review the completion data for each completed Haynesville well in the North Grand Cane Field. Seek out those that are in the closest proximity to your mineral interest. Good Luck.
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