What Going On With Sec 22

T19N R15W S22 I c all around me that r being leased? But nothing is happening with Sec 22!!! I signed a lease!!! Even received my bonus!!! But nothing is happening!!! N E info will be greatly appreciated!!!

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Permalink Reply by Two Dogs, Pirate on January 8, 2009 at 17:16
Wolverine, it will take some time, stay calm and wait for the money to come your way.
Permalink Reply by Wolverine on January 8, 2009 at 17:25
Thanks Two Dogs!!!
Permalink Reply by The_Baron on January 9, 2009 at 4:44
It may take several years to drill your land or unit.
Permalink Reply by Wolverine on January 9, 2009 at 8:01
Baron, That's no good that's sucks!!! Oh well what can u do!!! But, complain about it!!! Thanks for the info!!!
Permalink Reply by The_Baron on January 9, 2009 at 8:27
That is why the primary terms are at least three years...it takes time to do the work nesessary to put together a leasehold, form a unit (if one has not been formed already), and then do all the work associated with drilling.

Have your neighbors leased yet? To the same company?

Also, not all leases get drilled...
Permalink Reply by Wolverine on January 9, 2009 at 8:45
Baron, I c!!! I think they're 5 r 6 of us have done signed!!! With the same Company!!! In which is Chesapeake!!! We signed at 3yrs. 2 opp!!! Could u please explained not all lease get drill!!! If so how come!!!
Permalink Reply by The_Baron on January 9, 2009 at 19:08
You havn't provided enough info. 5 or 6 have signed ?? of how many??? 10, 20, 100???
Permalink Reply by The_Baron on January 9, 2009 at 19:09
Many leases have been taken. It will be amazing if all are drilled. Before the HA, it was not unusual for leases to not be drilled, maybe nearby wells would show it to be a a bad prospect, etc...
Permalink Reply by The_Baron on January 9, 2009 at 19:11
also, three years is a long time, I bet they will drill leaseholds nearer to expiration first.
Permalink Reply by The_Baron on January 9, 2009 at 19:11
Espesially if you are a cheap renewall
Permalink Reply by Wolverine on January 11, 2009 at 8:11
Baron, understand now about cheap lease!!!
Permalink Reply by Wolverine on January 10, 2009 at 4:31
So, speaking of expiration!!! That's when they'll drill is that what u r saying!!! Thanks!!!

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