It looks like our HBP fiasco is going to have to go to litigation. Long story short is that we are held by production in a pooled unit of 418 acres with one shallow well that was drilled in 1982. Shut in was paid until 1987. Well was put in inactive status in 1989. Then someone else bought the well in 1995 and put it into production in 1996. No production was ever reported to the state, although it has been producing. We were never paid royalties but a clause in the original lease says that leaseholder has 60 days to pay back shut in. Since Chesapeake holds our lease, it seems they will try to hold us. Need a lawyer who has done this before! No newbies!!
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This member wrote the comment below on your thread back in February. He posts here often and seems knowledgeable.
Reply by ShaleAdvice (Steven C. Townsend) on February 21, 2013 at 10:34pm
If you need help, friend me. I have helped similarly situated clients in Mercer
ya ya ya....I talked to him, sounded like a good guy but he wants to market my property and take 5% of lease bonus. I want to get out of this mess once and for all and have CONTROL over whatever leasing we choose to do. Although, we personally have not been in the CX mess, everyone else around me has and I don't like it one bit. Who do I trust?? I don't want my kids to have the same problem in 20 years.
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