Questions on lease expiring in a few months

We’re located in Sec. 12 T11N R12W Desoto Parish.  Our 3-year lease is expiring in September with the 2-year option.  The company that we are leased with has not drilled, but another company had a hearing for a permit in March 2010, and they haven't drilled either .  Encana is drilling a well in the lower southwest corner, but bores into section 13, and we were told they will receive the royalties.  Does this mean that we are force pooled or unitized?  What affect will this have on the lease renewal?  Also, this section falls in the lignite mine area.  Could this be the reason no one has drilled yet?  If the company renews our lease for another 2 years, will it be at the same amount of money that was paid for the 3-year lease?  Can this company allow the lease to expire after 3 years and come back later and lease again for a different amount?

Views: 130

▶ Reply to This

Replies to This Discussion

Permalink Reply by astrofan on May 18, 2011 at 4:53

thanks Skip Peel for that information you have been very helpful with this.

thanks again

Permalink Reply by Skip Peel - Mineral Consultant on May 18, 2011 at 5:08
You're welcome, astrofan.  Just click on each well Serial Number and it will take you to the SONRIS Lite Well File where you can review the completion data for each completed Haynesville well in the North Grand Cane Field.  Seek out those that are in the closest proximity to your mineral interest.  Good Luck.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Enhanced Geothermal Systems: Unlocking Earth's Hidden Energy Potential

Enhanced Geothermal Systems: Unlocking Earth's Hidden Energy Potential
2 The Explosive Evolution of Fracking: A 75-Year Journey

The Explosive Evolution of Fracking: A 75-Year Journey
3 Cotton Valley Leasing Activity in Rusk County

Cotton Valley Leasing Activity in Rusk County
4 Notice Emails Are Back! Please review how they work.

Notice Emails Are Back! Please review how they work.
5 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
6 SWA Processing Brine From Its First Supply Well

SWA Processing Brine From Its First Supply Well
7 More Permian Associated Gas to Depress the Price of Haynesville Gas

More Permian Associated Gas to Depress the Price of Haynesville Gas

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



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service