We have existing/active wells in DeSoto with Chesapeake. Apparently Chesapeake want to negotiate leases for the Hosston and Cotton Valley Zones. We inherited this well and fortunately there was a “Pugh clause” which forced them to do a new lease for those zones. I guess they are getting better at extracting the “tight natgas”.
Anyone else run into this?
Any idea what the current market rates are for these zones?
Thanks in advance!
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