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.

Replies to This Discussion

Permalink Reply by JR in VA on June 29, 2013 at 13:30

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?

Permalink Reply by Andrew on June 29, 2013 at 15:54

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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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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