landowner

Sanchez and Lease Options

Hello, We (our family group) are leased to Sanchez - with a 3 year primary and 2 year optional. Does anyone know if Sanchez has been exercising the option on leases having a 3 year primary  and 2 year optional extension ? We would appreciate any information out there. We have a ways to go before that time but would like to know what they are doing out there.

Thanks, C Bell.

Tags: Sanchez, lease, option, renewal

Views: 640

Replies to This Discussion


Oil & Gas ProPermalink Reply by Barnburner16 on August 13, 2015 at 14:19

From what I hear, SN is choosing to exercise it's option to extend certain leases, yet not renewing others.   .  


landownerPermalink Reply by Charles Bell on August 14, 2015 at 0:43

Thanks, Barnburner16, I appreciate the response.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 14, 2015 at 0:50

Barnburner, it would be helpful for those interested in this topic if you could provide any general location information.

Permalink Reply by Cathy Pender on October 12, 2015 at 7:54

Hi C. Bell,

Have you heard anything from Sanchez yet?

Cathy


landownerPermalink Reply by Charles Bell on October 12, 2015 at 8:10

Hi Cathy, no. Our option does not come up until 2017 (toward end of year). I know that Sanchez has ceased operations as far a new wells - this was stated on their website in Aug or Sept of this year. The only other thing I have heard is one other mineral owner further to the south around the Ms-La border in Wilkinson was not 'optioned'. If I hear anything new I will post here. Good luck to you and your family.

CBell

Permalink Reply by Cathy Pender on October 12, 2015 at 8:12

Thank you. Good luck to you as well.

 

Cathy


landownerPermalink Reply by Charles Bell on March 24, 2022 at 3:22

Cathy, Is there any activity in your area as far as leasing? State Line well is the only one I know of.

Bell

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