1. If you have a well and P/L infrastructure you will be seeing royalty checks soon unless you are UMI.

If you are UMI and want royalties soon you may have to sign for 25% cost free royalty with no bonus.  It will take much longer to pay off a well at gas in the $3-4 /mcf range.  Remember gas was up to $12/mcf during the boom.

If Jack was UMI he would sign for this if he owned an acre or less.  If he owned more than that he'd just sit UMI and wait.  It may be a couple years or more.

2. If your lease expires there will be some the O & G don't renew.  You can still sell your minerals to someone if you want cash now.  It should be a good time for investors to lease or buy mineral rights from people who need cash now and want to get something from HS.  It could be a win/win.

Jack would just sit on his land and go unleased, knowing if you are on the fringes of the core you probably have something that will be worth going after within the next 10-30 years. 

3. Aubrey, the guy at CHK is a snake oil salesman,  Jack Blake has always said that.  What's up with CHK.  Is Eagle Ford as good as he says.............Ya know he sells snake oil.  Mrs. Jane said he got his start at Cobra.