"Ray - you’re better off going Nick’s route and checking on your own. They aren’t going to tell you more than what is of record, and it will only tip your hand that you’re interested in remaining under lease."
"Secondary terms don’t expire unless production ceases. You are likely in the extended primary term, which would expire as a matter of law without production by 2022. As always, dependent on specific lease language.
The difference between…"
"Nick is correct. It is wholly dependent on operator and area. The vast majority will likely not be extending the primary terms. However, do not confuse this with the secondary term if there has already been development under the lease."
"This may be semantics, but the secondary term of an oil and gas lease is after there has been production under the lease. A slow down in drilling is unlikely to have any effect on leases currently in the secondary term. The only…"
"Likely no effect. Oversupply is, and will continue to be, one of the leading factors in the downturn. Cutting back on future development doesn't cure oversupply in and of itself, and there will still be plenty of gas for…"
"Depends on how large the pad is, the extent of on-site facilities, and whether the pad has been reclaimed. If the latter has occurred, the simple answer is no.
If not, it is possible, and sometimes intended."
Great points and great discussion. Marcus - while it may be different in Texas, I believe that your generalization of landowners' attorneys underhandedly signing NDAs with operators is likely a gross exaggeration. …"
"Nobody will be buying non-producing, non-core for quite some time. Expansion is quite the opposite of what you will be seeing for the foreseeable future.
Aside from consolidation, PDP deals will be about the only deal flow you will see in…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]