I looked up production for the Black Lake field today on sonris. The last reported production was in December of 2010, when 2 barrels of oil were produced -- from the 20,000-acre field. No production has been reported since then. Certainly this is not what the state calls "production in paying quantities."
The leases in this field were signed in the mid-1960's, and have been in force ever since. They were originally with Placid Oil, and have changed hands several times, and now are held by Chesapeake. Has anyone been successful in terminating these leases? Are there any efforts going on to terminate these leases for lack of production? I'd appreciate any information on this topic. Thanks, in advance.
I think it is a servitude that extends for 10 years beyond the end of production or any attempt to produce.
My lease in the Black Lake Field says that the lease is valid as long as long as "oil, gas, or other minerals are produced from said lands or lands with which said land is pooled hereunder."
No "oil, gas, or other minerals" have been produced in 2011. Does this constitute long enough to end the lease?
No doubt it would be a mess to try to terminate the leases. CHK would fight this to the death. On the other hand, 20,000 acres are being HBP, with no P. I was just trying to find out if anyone has tested the waters yet.
You are right. I am told the water trucks are coming and going constantly to that site. Several trucks per day, sometimes. Can you explain to me why they do this?
They had a workover rig at the location in March and since that time it has been pumping constantly and a flare has been burning. I'm no expert, but if it was only pumping water, why keep it running? Plus, I assume, any oil produced keeps the leases held in the entire field.
Can you tell me, more specifically, where this location on the southern side of Black Lake is? What is it near? I want to make sure you and I are talking about the same site.
And I'm with you, if all they are pumping is water, what's the point?
The well is located about 30 yards from the water on the south side of the Clear Lake part of Black Lake. It is about 1/4 mile east of Morgan Bayou, if that helps. I don't know the well name.