Replies to This Discussion

LandownerPermalink Reply by Philip Brutz on October 29, 2013 at 11:58am

Probably not.  What does your lease say?

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LandownerPermalink Reply by John Sorensen on October 29, 2013 at 3:14pm

Thanks for the reply. The lease doesn't appear to be clear, but I'll try reading it again.

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Oil/Gas ProPermalink Reply by cmorris on October 30, 2013 at 7:22am

They do not.  As long as the well was spud before the expiration date, your lease is now considered "held by operations" and no renewal payments are required.

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