existing well

Is it still possible to obtain a lease for marcellus if an existing gas well is still in producing? I believe it's equitable gas that has the gas well. Since it is a different type of gas could you have a different lease?

Views: 514

▶ Reply to This

Replies to This Discussion

Permalink Reply by Philip Brutz on September 15, 2014 at 7:18am

Probably not, does your current lease limit the drilling to a set depth?

Permalink Reply by Nancy Mosley on September 15, 2014 at 7:51am
Philip asked the right question. If your existing lease does not say that the lessor reserves the Marcellus, or wording to that effect, then the company has those rights. Some older leases have that reservation but many don't.
Then EQT or Equitable will probably ask you to sign a lease modification to allow pooling.
Permalink Reply by Philip Brutz on September 15, 2014 at 8:21am

If you have wording in your lease that limits the size of the unit, you still may be able to negotiate for better terms.

RSS

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

Badges  |  Report an Issue  |  Terms of Service