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It would depend on the wording of your lease.
Most leases simply state that operations will hold the lease, so seting conductor pipe would count, somtimes a lease will even allow for location building, drilling water well to count.
Other leases will state that a well must be spud prior to the expiration of the primary term.
I would agree with The Baron. I think I would have a good mineral attorney in the back ground advising me. It may be worth it depending on how much acreage is involved and where you are located.
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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