Held by Production and still got paid signup bonus from CHK?

Has anyone got paid a signup bonus from CHK on land that is held by production, currently receiving royalties?   If that land is included into say, the Harrison Group, what happens when a lease is signed and how long before it is known whether they accept it or not?  Or would it be better to not even list it with the group?

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Permalink Reply by Finnbear on December 7, 2011 at 8:00am

You seem to be taking the direction of using the spirit/intention of a Pugh clause to get unproduced acreage released. Are you going to incorporate vertical Pugh clause language to release unproduced formations also?

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