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Permalink Reply by louisiana lady on October 23, 2008 at 15:03

John,

The north west portion of cross lake was leased 6-11-08 by CHK. These state leases can be found on Sonris (acquired by Manna) and encompass over two thousand acres of the lake at $14,500/ac and over $28 million in lease bonus. These leases are for one year with a rental option for succeeding years of 50% of the lease bonus. I would expect drilling activity within the year to HBP.

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Permalink Reply by J W on October 23, 2008 at 15:11

THANKS FOR THE INFO L.L. IM ON THE SOUTH SIDE NEAR JOLLY NAPIER.SO IS IT LEASE?

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landownerPermalink Reply by Grice on October 23, 2008 at 17:12

Your land in is T18N-R15W-S33. On 10/08/08, T18N-R15W S31, S32, S33, S36 were leased from the state for $2,392 per acre.

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Oil & Gas ProPermalink Reply by The_Baron on October 24, 2008 at 5:07

The State leases are for a Three year primary term; however it is standard for a state lease to include a "delay rental". If no prodution or drilling activity has occurred then the rental is due to maintain the lease.

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Permalink Reply by J W on October 24, 2008 at 14:47

GRICE WHERE DID TIU FIND THE UNFO. DID YOU HERE IT OR ITS ON SORIS.IF IT ON SORIS HOW DO YOU FIND IT?

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