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!