We signed a lease with Phillips in 2007 which was sold 2 years later to Atlas. No drilling has been done to date. The lease is due to expire early next year. We have been contacted by letter and voice mail by a representative of Chevron to I presume, extend the lease.
Does anyone know what the current level of interest is in Fairview Twp. and what the bonus / royalty amounts are that are being offered? The amounts I am seeing here being offered in neighboring townships is much higher than we were given in 2007. If there is still an interest in Fairview, I would rather let the lease expire and explore my options.
Also, is there a landowner group that has been created that includes Fairview?