Our lease which was one of the low,low signing bonuses is up in June 2014 after 6 years of no activity. how do you get out of this and try to get a better signing bonus and % royalty. need lots of good advice please.....we have lots of activity around us, we are close to the Burgett well ...but nothing has come through our property....little help please.

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Hi CJ

How close to the Burgett well are you?  I'm very familiar with that area.  Private message me and I'll share some info with you.

Hey Cheryl, do you know anything about the Marsha Pad.. CHK keeps telling me any day it is going to be put into production, been hearing that for three months..

cheryl can  you private message me and then I can answer.

my first day, not sure to private message yet. will work on that

Hi CJ,

Did the lease state that the OG company has the right to extend the lease, after the primary lease term is over?

we are on the extension now. it was for 3 and 3 yr.

OK,  What does the current OG say, are they letting it go? You probably should contact a Lawyer to look over the lease.  You could contact other OG companies and see if they will make you an offer, if you are not under a lease anymore and if you are. They might be able to tell you a way out of the lease your under. 

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