Lease Capture
Can someone please help shed some light on the situation below:
I recently had a gas lease expire, so I thought, at the end of 5 years without any activity. I later found out that the acreage has been "captured" as a part of a larger, neighboring pool that does have a producing well.
I continue to be listed as an unleased member of that new producing pool.
I'm confused about my status in the new pool.
Am I correct that my lease continues as it is now part of a new pool that has a producing well?
Am I leased or not? State paperwork shows me unleased but I have also been told that the acreage was captured in the new pool.
Am I entitled to participate in royalties?
Thanks in advance for any information.
Views: 290
Replies to This Discussion
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landownerPermalink Reply by JR in VA on -
Let me clarify one point that becomes confusing in this.
I was originally shown as unleased in the producing pool, along with having my five year lease on adjacent property. Now, my acreage has been added to the producing pool where I was always listed as unleased.
What is my status if I have traditionally been shown as unleased, but have now been captured by the same pool?
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Oil & Gas ProPermalink Reply by Andrew on -
JR,
Post or message me the name of the unit in question and I could give you a more specific answer.
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