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Permalink Reply by The_Baron on April 21, 2011 at 6:54

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.

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Permalink Reply by adubu on April 23, 2011 at 13:47

Of cources activity to produce oil or gas will only hold lease thru activity plus 90 days but to HBP for long time of years require what it says Production with sell of minerls oil & or Gas

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Permalink Reply by Joe Aldridge on April 23, 2011 at 14:01

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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Permalink Reply by B.H. on April 23, 2011 at 18:15

 

  I would say it would depend on the wording of your lease. Our lease states a rig capable of drilling to the play has to be up over staked site and turning to the right to hold lease .

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