3 year gas Lease with 2 year option

Sabine Parish, 8N-12W-14

I am currently under 3 year lease with GEP. It expires early next year.  Some of the other owners in my section have received a lease extension check.  Some of the other owner's property butts right up next to mine. It's been several weeks and I have not received any correspondence from GEP at all.  My question is: Is it common for a gas company to extended leases on some of the property in a section but not all property in the same section ?

Views: 406

Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on November 12, 2019 at 9:39

No.

Permalink Reply by James on November 12, 2019 at 9:44

Thanks

Permalink Reply by Skip Peel - Mineral Consultant on November 12, 2019 at 9:50

You're welcome.

Permalink Reply by Quarter Royalty on November 12, 2019 at 9:51

You will most likely will not see an extension check, they are drilling this section now. Which is actually good news, because you should see some royalty checks next year instead. 

http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale

Watch Skip Peel's Interview with the University of Minnesota on the Haynesville Shale
2 1st Month for Expand reporting

1st Month for Expand reporting
3 Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX

Lithium Brine Lease letter from Red Oak East, LLC - Location Cass County, TX, near Naples, TX
4 Seller Beware!!! How Mineral Companies Work Together.

Seller Beware!!! How Mineral Companies Work Together.
5 Clay 22&27&34 - 13 - 12 1HC sudden drop - Nothing on Sonris

Clay 22&27&34 - 13 - 12 1HC sudden drop - Nothing on Sonris
6 Estimate royalties based on company investment

Estimate royalties based on company investment
7 82-year-old well spewing oil in Louisiana marsh never plugged in hope of future production

82-year-old well spewing oil in Louisiana marsh never plugged in hope of future production

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service