Does any one know if a lease renewal with CHK includes a lease payment? We have a lease with CHK and it is now 5 years. The lease has an automatic renewal. I am wondering this includes an additional payment or has anyone received a new lease payment?
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Depending on the lease, you need to read the specifics - but before it is renewed you need to receive a check to make it valid. Even if they renew it in courthouse it is not valid until you have check.
If the terms are not met you need to send a letter to CHK and tell them you want a release from the lease.
We have been getting royalties as there is a well...but CHK has no cash from what I understand.
Oh, if your getting royalties then you are held by production - you will not receive anymore lease payments.
Thank you!
royalties have been very small recently
Gas is at 2.52 now so not making much money for anyone.
Hope it comes back soon
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