landowner

Haynesville :: S7 T15 R15 .... I hear your leases are expired ... are y'all being contacted with leasing offers?

Anyone on here in Section 7 of Township 15 Range 15?

I've heard through the grapevine that there's been no production in this section since 2018 and that any leases you had are expired.

Anyone know what's going on?

Are you guys getting lease offers? 

I'm asking because I'm in Section 6 and what happens in 7 may very well affect what happens in 6.

Thanks!

Jeff

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 27, 2022 at 7:21

Jeff, here is the status of Section 7 leases from Jay. Exco will have to spud a well prior to lease expirations or pay to extend the lease terms for an additional two years if their leases contain that option clause.

"Can you tell JeffN Paris that Section 7/15N/15W is primary term Exco with leases starting to roll this year if they did not have the 2 year kicker. Section 6 is HBP by CHK so no issues there."


landownerPermalink Reply by JeffNParis on May 27, 2022 at 8:09

Thanks Skip. Any idea how active Exco is right now?


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 27, 2022 at 8:19

Check my Main Page discussion for the rig report to see how many rigs Exco is running and where.  Since Exco has not as yet applied for a unit well field order, it could take some months before they could spud a well.  I'm not even sure Exco has formed a HA unit for that section.

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