Noticed that I haven't heard the noise of the rig for a few days and discovered that the rig is gone. There seems to be only one well-head instead of 2 ( one for Sec 6, another for Sec 1). I have read about the companies drilling just to keep the lease. Just wondering if anyone knows of this happening in our area.
Oh no!! You're scaring me!! :) But you have gotten more than we have because we haven't gotten anything.About 3 weeks ago, I spoke with the company that has our lease and was told that they had just received info that the well was on and had been attempting to get in contact with QEP. I was also told that they ( Endeavor ) hold the lease for 9/10 of our land and another company in Houston holds 1/10! How crazy is that! Seems that it may be awhile for everything to come together.
Deborah, you are in Section 6? We are assuming QEP holds our lease. Not who we signed with, but heard there was a trade. Gee, I may be totally wrong! It is scary.
Do you mind me asking who issued the little bitty check? Most of them won't cut a check for anything less than 25.00.
Yes, we are in Section 6. You are right. It is a bit scary because information is hard to get come by. We originally leased with JW Operating and the lease was sold to Endeavor in 2009. I had to do some calling around to find that out.
Isn't the first check supposed to be the largest because it covers royalties from day one of production to the present? I don't understand a $9.75 check.
I have read where the first check is the biggest. Depends on the company maybe?
Farmer- Have you found out who holds your lease?